Altium Wealth Management LLC Cuts Stock Holdings in Mastercard Inc (NYSE:MA)

Altium Wealth Management LLC trimmed its holdings in shares of Mastercard Inc (NYSE:MA) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,414 shares of the credit services provider’s stock after selling 55 shares during the period. Mastercard comprises approximately 0.4% of Altium Wealth Management LLC’s portfolio, making the stock its 29th largest position. Altium Wealth Management LLC’s holdings in Mastercard were worth $3,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Old Port Advisors raised its stake in Mastercard by 1.9% in the fourth quarter. Old Port Advisors now owns 1,913 shares of the credit services provider’s stock worth $576,000 after buying an additional 35 shares in the last quarter. We Are One Seven LLC raised its stake in Mastercard by 1.9% in the fourth quarter. We Are One Seven LLC now owns 1,846 shares of the credit services provider’s stock worth $551,000 after buying an additional 35 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in Mastercard by 0.5% in the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock worth $1,978,000 after buying an additional 37 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its stake in Mastercard by 4.3% in the third quarter. Bingham Osborn & Scarborough LLC now owns 892 shares of the credit services provider’s stock worth $242,000 after buying an additional 37 shares in the last quarter. Finally, Ellevest Inc. raised its stake in Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.

In related news, insider Michael Miebach sold 4,205 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $295.10, for a total value of $1,240,895.50. Following the sale, the insider now owns 16,983 shares in the company, valued at $5,011,683.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 28,526 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $302.16, for a total transaction of $8,619,416.16. Following the completion of the sale, the insider now owns 43,215 shares in the company, valued at approximately $13,057,844.40. The disclosure for this sale can be found here. Insiders have sold 198,638 shares of company stock valued at $58,809,131 in the last three months. 3.70% of the stock is owned by insiders.

Shares of MA traded up $0.88 on Friday, hitting $321.18. 1,323,179 shares of the stock traded hands, compared to its average volume of 3,447,384. The company has a market capitalization of $313.39 billion, a PE ratio of 49.49, a P/E/G ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The business has a 50 day simple moving average of $298.44 and a 200 day simple moving average of $281.26. Mastercard Inc has a one year low of $196.60 and a one year high of $320.33.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. On average, equities analysts expect that Mastercard Inc will post 7.69 earnings per share for the current year.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 3rd that authorizes the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. This is an increase from Mastercard’s previous quarterly dividend of $0.33. Mastercard’s dividend payout ratio (DPR) is 24.65%.

A number of equities analysts recently issued reports on MA shares. SunTrust Banks increased their price target on shares of Mastercard from $325.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Moffett Nathanson raised their target price on shares of Mastercard from to and gave the company a “buy” rating in a research note on Tuesday, January 7th. Compass Point started coverage on shares of Mastercard in a research note on Thursday, December 5th. They set a “buy” rating and a $330.00 target price for the company. BMO Capital Markets raised their target price on shares of Mastercard to $348.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $317.64.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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