Mastercard Incorporated (NYSE:MA) Shares Sold by Accurate Wealth Management LLC

Accurate Wealth Management LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,107 shares of the credit services provider’s stock after selling 441 shares during the period. Mastercard makes up 0.7% of Accurate Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Accurate Wealth Management LLC’s holdings in Mastercard were worth $3,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the 2nd quarter worth approximately $34,000. First Personal Financial Services acquired a new stake in Mastercard in the 3rd quarter valued at approximately $39,000. Fairway Wealth LLC bought a new stake in Mastercard during the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC boosted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Macquarie lifted their price target on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 target price (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Up 0.7 %

Shares of Mastercard stock opened at $508.49 on Wednesday. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70. The company has a market cap of $466.71 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.36 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. The stock has a 50-day moving average price of $524.14 and a 200 day moving average price of $493.23.

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

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s payout ratio is currently 23.00%.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.