Wealth Dimensions Group Ltd. Has $938,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Wealth Dimensions Group Ltd. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 73.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,782 shares of the credit services provider’s stock after purchasing an additional 753 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Mastercard were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Mastercard during the fourth quarter worth about $6,022,224,000. Raymond James Financial Inc. bought a new position in Mastercard during the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC grew its holdings in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Sanders Capital LLC bought a new stake in Mastercard in the fourth quarter valued at approximately $617,303,000. Finally, Demars Financial Group LLC raised its holdings in Mastercard by 50,438.6% in the fourth quarter. Demars Financial Group LLC now owns 981,460 shares of the credit services provider’s stock worth $516,807,000 after purchasing an additional 979,518 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. Piper Sandler reissued an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Citigroup raised their target price on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $607.96.

Mastercard Trading Up 0.8 %

Shares of Mastercard stock opened at $517.46 on Monday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a market capitalization of $471.77 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.37 and a beta of 1.06. The business has a fifty day simple moving average of $537.86 and a two-hundred day simple moving average of $529.26. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is currently 21.89%.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.