Angeles Wealth Management LLC Has $2.15 Million Position in Mastercard Incorporated (NYSE:MA)

Angeles Wealth Management LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 30.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,457 shares of the credit services provider’s stock after acquiring an additional 1,282 shares during the quarter. Angeles Wealth Management LLC’s holdings in Mastercard were worth $2,146,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MA. ERTS Wealth Advisors LLC raised its position in Mastercard by 1.9% during the second quarter. ERTS Wealth Advisors LLC now owns 1,376 shares of the credit services provider’s stock valued at $541,000 after purchasing an additional 25 shares in the last quarter. Werba Rubin Papier Wealth Management raised its position in Mastercard by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 869 shares of the credit services provider’s stock valued at $342,000 after purchasing an additional 25 shares in the last quarter. Acropolis Investment Management LLC raised its position in Mastercard by 1.6% during the second quarter. Acropolis Investment Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $660,000 after purchasing an additional 26 shares in the last quarter. New World Advisors LLC increased its holdings in shares of Mastercard by 2.0% in the second quarter. New World Advisors LLC now owns 1,300 shares of the credit services provider’s stock worth $511,000 after buying an additional 26 shares during the period. Finally, Archer Investment Corp increased its holdings in shares of Mastercard by 0.8% in the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock worth $1,209,000 after buying an additional 27 shares during the period. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $413.13, for a total value of $1,652,520.00. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,575,865.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Richard K. Davis bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $390.96 per share, with a total value of $390,960.00. Following the acquisition, the director now owns 9,743 shares of the company’s stock, valued at approximately $3,809,123.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ajay Bhalla sold 4,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $413.13, for a total transaction of $1,652,520.00. Following the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,575,865.55. The disclosure for this sale can be found here. Insiders have sold a total of 533,424 shares of company stock valued at $206,051,295 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on MA shares. StockNews.com started coverage on Mastercard in a report on Thursday, October 5th. They issued a “buy” rating on the stock. KeyCorp decreased their price objective on Mastercard from $440.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Wells Fargo & Company lifted their price objective on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Susquehanna lifted their price objective on Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a report on Friday, July 28th. Finally, Morgan Stanley reduced their price target on Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $450.09.

Mastercard Stock Up 0.8 %

Mastercard stock traded up $3.20 during trading hours on Friday, hitting $400.30. 2,365,689 shares of the stock traded hands, compared to its average volume of 2,838,711. The firm’s 50-day moving average price is $395.21 and its two-hundred day moving average price is $391.43. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.24. The company has a market cap of $375.39 billion, a PE ratio of 34.87, a PEG ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a one year low of $336.43 and a one year high of $418.60.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.18. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the previous year, the firm posted $2.68 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 12.16 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 9th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is currently 19.86%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.