Able Wealth Management LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

Able Wealth Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,680 shares of the credit services provider’s stock, valued at approximately $1,996,000. Mastercard makes up approximately 1.8% of Able Wealth Management LLC’s portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Mastercard during the 4th quarter valued at $26,000. VitalStone Financial LLC grew its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard in the fourth quarter valued at $27,000. Criterion Capital Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $33,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Mastercard during the 4th quarter worth about $37,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.1 %

Shares of MA stock traded down $0.37 on Friday, hitting $444.63. The stock had a trading volume of 2,019,629 shares, compared to its average volume of 2,409,407. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a fifty day moving average price of $454.26 and a two-hundred day moving average price of $450.18. The firm has a market cap of $413.33 billion, a P/E ratio of 35.34, a PEG ratio of 1.73 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 earnings per share. As a group, analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on MA shares. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Finally, Barclays dropped their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Insider Activity at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated 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 transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last three months, insiders sold 2,551,400 shares of company stock worth $1,152,586,960. 0.10% of the stock is owned by company 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.