Mastercard Incorporated (NYSE:MA) Stock Holdings Decreased by Orgel Wealth Management LLC

Orgel Wealth Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 801 shares of the credit services provider’s stock after selling 58 shares during the quarter. Orgel Wealth Management LLC’s holdings in Mastercard were worth $386,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its stake in Mastercard by 12.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 5,505 shares of the credit services provider’s stock valued at $2,651,000 after acquiring an additional 613 shares during the period. Clarity Financial LLC lifted its stake in shares of Mastercard by 7.5% in the 1st quarter. Clarity Financial LLC now owns 778 shares of the credit services provider’s stock valued at $375,000 after acquiring an additional 54 shares during the last quarter. DGS Capital Management LLC grew its holdings in Mastercard by 37.5% during the 1st quarter. DGS Capital Management LLC now owns 2,940 shares of the credit services provider’s stock worth $1,416,000 after acquiring an additional 802 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Mastercard by 2.3% in the 1st quarter. Revolve Wealth Partners LLC now owns 4,591 shares of the credit services provider’s stock valued at $2,211,000 after buying an additional 104 shares during the period. Finally, Aletheian Wealth Advisors LLC lifted its position in shares of Mastercard by 19.5% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 638 shares of the credit services provider’s stock worth $307,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Two equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Trading Down 1.3 %

MA stock traded down $5.88 during midday trading on Thursday, reaching $446.50. 1,018,474 shares of the company’s stock traded hands, compared to its average volume of 2,428,744. The business has a 50-day moving average price of $452.17 and a two-hundred day moving average price of $452.78. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $415.07 billion, a P/E ratio of 35.96, a PEG ratio of 1.78 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 131,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00. Following the transaction, the insider now owns 92,426,308 shares of the company’s stock, valued at $42,466,191,473.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders sold a total of 3,025,228 shares of company stock valued at $1,366,000,650 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Company 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.