Lineweaver Wealth Advisors LLC Sells 25 Shares of Mastercard Incorporated (NYSE:MA)

Lineweaver Wealth Advisors LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,144 shares of the credit services provider’s stock after selling 25 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Mastercard were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in Mastercard during the fourth quarter valued at $30,000. First Personal Financial Services bought a new stake in Mastercard in the 3rd quarter valued at $39,000. FPC Investment Advisory Inc. lifted its stake in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Mastercard during the 3rd quarter valued at about $54,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MA shares. Piper Sandler reissued an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial boosted their price target on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 13th. Citigroup increased their price objective on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Oppenheimer reduced their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Trading Down 0.6 %

Shares of NYSE MA opened at $560.86 on Thursday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The firm has a market cap of $511.34 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business has a fifty day simple moving average of $541.04 and a two-hundred day simple moving average of $516.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is presently 21.89%.

Mastercard declared that its board has initiated a stock repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Mastercard 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.