AAFMAA Wealth Management & Trust LLC Sells 244 Shares of Mastercard Incorporated (NYSE:MA)

AAFMAA Wealth Management & Trust LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,374 shares of the credit services provider’s stock after selling 244 shares during the period. Mastercard accounts for about 1.0% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 26th largest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Mastercard were worth $2,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldstein Advisors LLC raised its position in Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 20 shares during the last quarter. Community Bank N.A. lifted its position in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after acquiring an additional 20 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after acquiring an additional 20 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Mastercard by 1.0% in the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after buying an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC boosted its holdings in shares of Mastercard by 1.4% in the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

NYSE:MA opened at $505.27 on Tuesday. The company has a market capitalization of $463.75 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a one year low of $425.48 and a one year high of $537.70. The stock has a 50-day simple moving average of $524.08 and a 200 day simple moving average of $492.75. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

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

Mastercard Increases Dividend

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

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MA. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup upped their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $566.13.

Mastercard 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.