WT Wealth Management Has $2.74 Million Position in Mastercard Incorporated (NYSE:MA)

WT Wealth Management reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,307 shares of the credit services provider's stock after selling 1,003 shares during the quarter. WT Wealth Management's holdings in Mastercard were worth $2,740,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. grew its holdings in Mastercard by 14.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider's stock valued at $9,897,000 after buying an additional 2,556 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in Mastercard during the first quarter valued at about $608,000. SteelPeak Wealth LLC increased its position in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock valued at $2,174,000 after purchasing an additional 1,612 shares during the period. Sarasin & Partners LLP raised its stake in shares of Mastercard by 2.2% in the 1st quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider's stock valued at $353,897,000 after buying an additional 15,756 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Mastercard during the first quarter worth about $2,938,000. Institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Mastercard from $531.00 to $536.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Evercore ISI dropped their price objective on Mastercard from $540.00 to $525.00 and set an "outperform" rating for the company in a research note on Tuesday, June 25th. Bank of America boosted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Robert W. Baird increased their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer began coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an "outperform" rating and a $591.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $525.68.

Mastercard Stock Down 0.4 %

Shares of MA traded down $1.99 during midday trading on Tuesday, hitting $513.02. The stock had a trading volume of 1,855,681 shares, compared to its average volume of 2,438,906. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $476.91 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a 50 day simple moving average of $489.16 and a two-hundred day simple moving average of $464.58. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.85 billion. On average, analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard's dividend payout ratio is 20.99%.

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.