Parisi Gray Wealth Management Purchases 47 Shares of Mastercard Incorporated (NYSE:MA)

Parisi Gray Wealth Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,896 shares of the credit services provider’s stock after purchasing an additional 47 shares during the quarter. Mastercard comprises 2.5% of Parisi Gray Wealth Management’s holdings, making the stock its 11th biggest position. Parisi Gray Wealth Management’s holdings in Mastercard were worth $7,844,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter valued at $34,000. First Personal Financial Services acquired a new position in shares of Mastercard in the 3rd quarter valued at $39,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% during the third 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. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA opened at $505.27 on Tuesday. The stock has a market capitalization of $463.75 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $425.48 and a 52 week high of $537.70. The stock has a 50 day moving average price of $524.08 and a 200 day moving average price of $492.75. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business earned $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio is presently 23.00%.

Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Oppenheimer decreased their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. TD Cowen boosted their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $566.13.

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.