WCM Investment Management LLC Sells 1,651 Shares of Mastercard Incorporated (NYSE:MA)

WCM Investment Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,485 shares of the credit services provider’s stock after selling 1,651 shares during the quarter. WCM Investment Management LLC’s holdings in Mastercard were worth $2,214,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. China Universal Asset Management Co. Ltd. raised its stake in shares of Mastercard by 46.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after buying an additional 4,685 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Mastercard by 6.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 20,119 shares of the credit services provider’s stock worth $9,689,000 after buying an additional 1,296 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Mastercard by 5.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 941,209 shares of the credit services provider’s stock worth $453,258,000 after buying an additional 52,109 shares during the period. Angeles Wealth Management LLC lifted its holdings in shares of Mastercard by 18.4% during the first quarter. Angeles Wealth Management LLC now owns 4,733 shares of the credit services provider’s stock valued at $2,279,000 after acquiring an additional 734 shares during the period. Finally, Tradewinds LLC. bought a new stake in shares of Mastercard in the 1st quarter worth about $403,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MA has been the subject of several analyst reports. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Compass Point started coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Finally, Oppenheimer initiated coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

Mastercard Stock Up 1.0 %

Shares of NYSE MA opened at $530.12 on Tuesday. Mastercard Incorporated has a 52-week low of $393.02 and a 52-week high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $486.56 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.30 and a beta of 1.10. The firm has a 50 day moving average price of $499.68 and a 200 day moving average price of $468.93.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 earnings per share. Analysts expect that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

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.