Mastercard Incorporated (NYSE:MA) Holdings Trimmed by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,678 shares of the credit services provider’s stock after selling 122 shares during the quarter. Aberdeen Wealth Management LLC’s holdings in Mastercard were worth $829,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter valued at about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock worth $46,797,168 over the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Macquarie lifted their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays raised their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Down 0.0 %

MA opened at $521.63 on Tuesday. The business has a 50 day moving average of $504.78 and a 200-day moving average of $471.95. The stock has a market capitalization of $478.77 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the firm earned $3.39 EPS. The business’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.