Walter Public Investments Inc. Sells 46 Shares of Mastercard Incorporated (NYSE:MA)

Walter Public Investments Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,804 shares of the credit services provider’s stock after selling 46 shares during the quarter. Mastercard comprises 2.6% of Walter Public Investments Inc.’s portfolio, making the stock its 17th biggest holding. Walter Public Investments Inc.’s holdings in Mastercard were worth $14,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VitalStone Financial LLC raised its stake in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the 1st quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in Mastercard in the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Mastercard in the 4th quarter worth approximately $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.3 %

NYSE:MA opened at $493.36 on Monday. The firm has a market capitalization of $458.63 billion, a P/E ratio of 39.22, a PEG ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $496.85. The company’s fifty day moving average price is $460.67 and its 200-day moving average price is $460.18. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. Piper Sandler lifted their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, Susquehanna lifted their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $510.88.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 720,467 shares of company stock valued at $331,875,955. Corporate insiders own 0.10% of the company’s stock.

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.