Outlook Wealth Advisors LLC Purchases 150 Shares of Mastercard Incorporated (NYSE:MA)

Outlook Wealth Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,606 shares of the credit services provider’s stock after purchasing an additional 150 shares during the period. Outlook Wealth Advisors LLC’s holdings in Mastercard were worth $846,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Essex Savings Bank increased its holdings in Mastercard by 3.5% during the 4th quarter. Essex Savings Bank now owns 4,368 shares of the credit services provider’s stock worth $2,300,000 after purchasing an additional 147 shares in the last quarter. ERn Financial LLC boosted its position in shares of Mastercard by 44.2% during the fourth quarter. ERn Financial LLC now owns 659 shares of the credit services provider’s stock valued at $347,000 after buying an additional 202 shares during the last quarter. HCR Wealth Advisors grew its holdings in Mastercard by 1.8% during the fourth quarter. HCR Wealth Advisors now owns 3,889 shares of the credit services provider’s stock worth $2,048,000 after buying an additional 68 shares in the last quarter. Sendero Wealth Management LLC raised its position in Mastercard by 3.8% in the 4th quarter. Sendero Wealth Management LLC now owns 4,677 shares of the credit services provider’s stock valued at $2,463,000 after buying an additional 172 shares during the last quarter. Finally, Sawyer & Company Inc raised its position in Mastercard by 0.4% in the 4th quarter. Sawyer & Company Inc now owns 6,967 shares of the credit services provider’s stock valued at $3,668,000 after buying an additional 29 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 2.6 %

NYSE:MA opened at $522.41 on Thursday. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70. The stock’s fifty day moving average price is $524.14 and its two-hundred day moving average price is $493.23. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $479.48 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 EPS. As a group, analysts expect that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 19.97%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. TD Cowen lifted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $566.63.

About Mastercard

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.