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

Orgel Wealth Management LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 801 shares of the credit services provider’s stock after selling 58 shares during the period. Orgel Wealth Management LLC’s holdings in Mastercard were worth $386,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC increased its position in Mastercard by 12.5% in the 1st 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 in the last quarter. Clarity Financial LLC grew its stake in shares of Mastercard by 7.5% in the first 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 in the last quarter. DGS Capital Management LLC lifted its position in Mastercard by 37.5% during the first quarter. DGS Capital Management LLC now owns 2,940 shares of the credit services provider’s stock worth $1,416,000 after purchasing an additional 802 shares during the period. Revolve Wealth Partners LLC raised its holdings in 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 last quarter. Finally, Aletheian Wealth Advisors LLC increased its position in Mastercard by 19.5% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 638 shares of the credit services provider’s stock valued at $307,000 after purchasing an additional 104 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock traded down $5.88 during trading on Thursday, reaching $446.50. The company had a trading volume of 1,018,474 shares, compared to its average volume of 2,428,744. Mastercard Incorporated has a one year low of $359.77 and a one year 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 firm’s 50 day simple moving average is $452.17 and its two-hundred day simple moving average is $452.78. The company has a market capitalization of $415.07 billion, a PE ratio of 35.96, a PEG ratio of 1.78 and a beta of 1.09.

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

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders 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 dividend yield of 0.59%. Mastercard’s dividend payout ratio is 20.99%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold 3,025,228 shares of company stock valued at $1,366,000,650 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays reduced their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Finally, Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $496.91.

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.