Aviso Wealth Management Has $1.55 Million Holdings in Mastercard Incorporated (NYSE:MA)

Aviso Wealth Management increased its position in shares of Mastercard Incorporated (NYSE:MA) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,944 shares of the credit services provider’s stock after purchasing an additional 559 shares during the period. Aviso Wealth Management’s holdings in Mastercard were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Addison Advisors LLC grew its position in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. raised its stake in Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock valued at $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. boosted its stake in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC grew its position in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Up 0.2 %

Shares of Mastercard stock opened at $544.74 on Wednesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $496.64 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm has a 50-day simple moving average of $549.05 and a two-hundred day simple moving average of $525.90.

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

Mastercard announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on MA. Jefferies Financial Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Raymond James reissued an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Oppenheimer reduced their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, Susquehanna upped their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.