First Heartland Consultants Inc. Has $877,000 Holdings in Mastercard Incorporated (NYSE:MA)

First Heartland Consultants Inc. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the credit services provider’s stock after selling 41 shares during the quarter. First Heartland Consultants Inc.’s holdings in Mastercard were worth $877,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Hoxton Planning & Management LLC lifted its stake in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC lifted its stake in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP boosted its stake in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC increased its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC increased its holdings in shares of Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock traded up $2.79 during mid-day trading on Monday, reaching $469.23. 536,437 shares of the company’s stock were exchanged, compared to its average volume of 2,457,618. The company has a market cap of $436.20 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The stock’s 50 day moving average is $450.73 and its 200 day moving average is $458.50. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is presently 20.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on MA shares. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna raised their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $512.09.

Insider Activity

In other news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the transaction, the insider now directly owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,733,175 shares of company stock valued at $782,773,546. 0.10% of the stock is currently owned by corporate 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.