Ullmann Wealth Partners Group LLC Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

Ullmann Wealth Partners Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605 shares of the credit services provider’s stock after buying an additional 100 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Mastercard were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MA. Westend Capital Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC purchased a new position in Mastercard during the 1st quarter valued at $27,000. Scarborough Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the 2nd quarter valued at $34,000. Finally, Fairway Wealth LLC purchased a new position in Mastercard during the 2nd quarter valued at $35,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

MA stock traded up $0.57 during midday trading on Tuesday, hitting $507.23. The company’s stock had a trading volume of 2,885,808 shares, compared to its average volume of 2,440,577. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $509.88. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $471.53 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a 50 day moving average of $482.08 and a two-hundred day moving average of $463.06.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MA. Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Evercore ISI dropped their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Citigroup boosted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $523.27.

About Mastercard

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.