OneAscent Wealth Management LLC Has $802,000 Position in Mastercard Incorporated (NYSE:MA)

OneAscent Wealth Management LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,665 shares of the credit services provider’s stock after selling 145 shares during the period. OneAscent Wealth Management LLC’s holdings in Mastercard were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter worth approximately $4,595,559,000. International Assets Investment Management LLC raised its position in Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after buying an additional 742,076 shares in the last quarter. Capital International Investors boosted its position in Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.4 %

Mastercard stock traded down $1.59 during trading hours on Friday, hitting $441.16. The stock had a trading volume of 4,105,179 shares, compared to its average volume of 2,467,253. The business’s 50 day simple moving average is $451.50 and its 200-day simple moving average is $452.88. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market cap of $410.11 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.73 and a beta of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Raj Seshadri sold 5,216 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the sale, the insider now directly owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 over the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Mizuho lowered their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Company 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.