Tyler Stone Wealth Management Sells 906 Shares of Mastercard Incorporated (NYSE:MA)

Tyler Stone Wealth Management lowered its holdings in Mastercard Incorporated (NYSE:MA) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,704 shares of the credit services provider’s stock after selling 906 shares during the quarter. Tyler Stone Wealth Management’s holdings in Mastercard were worth $1,424,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

MA has been the topic of a number of recent analyst reports. Oppenheimer lowered their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Citigroup raised their target price on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $606.11.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $544.74 on Wednesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The business’s fifty day moving average price is $549.05 and its 200 day moving average price is $525.90. The stock has a market capitalization of $496.64 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

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

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.