Aspiriant LLC Sells 47 Shares of Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Aspiriant LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,885 shares of the credit services provider’s stock after selling 47 shares during the period. Aspiriant LLC’s holdings in Mastercard were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new position in Mastercard in the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the 2nd quarter worth $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MA. Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America increased their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Citigroup increased their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $524.64.

Check Out Our Latest Report on MA

Mastercard Trading Up 0.4 %

Shares of MA stock traded up $1.85 on Friday, hitting $515.61. 722,578 shares of the company’s stock traded hands, compared to its average volume of 2,433,572. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a one year low of $359.77 and a one year high of $517.04. The company’s fifty day simple moving average is $485.71 and its 200 day simple moving average is $463.95. The stock has a market capitalization of $479.32 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The company 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%. Equities analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Profile

(Free Report)

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.

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