Atlantic Edge Private Wealth Management LLC Sells 82 Shares of Mastercard Incorporated (NYSE:MA)

Atlantic Edge Private Wealth Management LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,487 shares of the credit services provider’s stock after selling 82 shares during the period. Mastercard makes up about 0.9% of Atlantic Edge Private Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Atlantic Edge Private Wealth Management LLC’s holdings in Mastercard were worth $2,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wealthcare Capital Partners LLC acquired a new position in Mastercard during the 4th quarter worth about $338,000. Sovran Advisors LLC acquired a new position in Mastercard during the 4th quarter worth about $1,125,000. Strengthening Families & Communities LLC lifted its holdings in Mastercard by 5.2% during the 4th quarter. Strengthening Families & Communities LLC now owns 8,345 shares of the credit services provider’s stock worth $4,394,000 after buying an additional 413 shares during the period. Compound Global Advisors LLC acquired a new position in Mastercard during the 4th quarter worth about $369,000. Finally, Stonebridge Financial Group LLC bought a new stake in Mastercard in the 4th quarter valued at about $4,659,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MA shares. Susquehanna boosted their target price on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Stock Up 0.5 %

MA opened at $565.51 on Tuesday. The business’s fifty day simple moving average is $531.61 and its 200 day simple moving average is $506.04. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The stock has a market cap of $519.05 billion, a PE ratio of 40.71, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard announced that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.