FSM Wealth Advisors LLC Acquires 112 Shares of Mastercard Incorporated (NYSE:MA)

FSM Wealth Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 8.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,411 shares of the credit services provider’s stock after acquiring an additional 112 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Mastercard were worth $738,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. First Personal Financial Services acquired a new position in Mastercard during the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in Mastercard during the third quarter worth $54,000. Raelipskie Partnership boosted its holdings in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Mastercard in the 3rd quarter valued at $55,000. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MA. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer dropped their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Macquarie boosted their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Citigroup increased their price target on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $595.64.

Mastercard Trading Down 1.8 %

NYSE MA opened at $555.63 on Monday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The business has a 50 day simple moving average of $528.28 and a 200 day simple moving average of $501.43. The stock has a market capitalization of $509.97 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Research analysts expect that Mastercard Incorporated will post 16.04 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.