Wealth Dimensions Group Ltd. Acquires 753 Shares of Mastercard Incorporated (NYSE:MA)

Wealth Dimensions Group Ltd. increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 73.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,782 shares of the credit services provider's stock after purchasing an additional 753 shares during the period. Wealth Dimensions Group Ltd.'s holdings in Mastercard were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. NewSquare Capital LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $30,000. Truvestments Capital LLC boosted its holdings in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. increased its holdings in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock worth $39,000 after purchasing an additional 58 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.4 %

MA stock traded down $2.20 during midday trading on Friday, hitting $533.26. The stock had a trading volume of 2,006,101 shares, compared to its average volume of 2,923,859. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $486.18 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The business has a fifty day moving average price of $534.74 and a two-hundred day moving average price of $529.64. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Royal Bank of Canada increased their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Piper Sandler reiterated an "overweight" rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price for the company in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $607.96.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.