Mastercard Incorporated $MA Shares Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 685 shares of the credit services provider’s stock after acquiring an additional 22 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Mastercard were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Whipplewood Advisors LLC increased its stake in shares of Mastercard by 9.3% in the 1st quarter. Whipplewood Advisors LLC now owns 411 shares of the credit services provider’s stock worth $225,000 after acquiring an additional 35 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Mastercard by 1,468.9% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 706 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 661 shares during the last quarter. Apella Capital LLC acquired a new stake in shares of Mastercard in the 1st quarter worth $337,000. Finally, Amplius Wealth Advisors LLC grew its holdings in shares of Mastercard by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 1,459 shares of the credit services provider’s stock worth $800,000 after purchasing an additional 51 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MA. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Buy” and an average target price of $630.89.

Mastercard Trading Up 1.0%

MA opened at $574.40 on Thursday. The firm has a market cap of $519.26 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The business’s 50 day moving average is $579.73 and its two-hundred day moving average is $561.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is currently owned by corporate insiders.

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.