Physician Wealth Advisors Inc. Has $817,000 Position in Mastercard Incorporated (NYSE:MA)

Physician Wealth Advisors Inc. reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,551 shares of the credit services provider’s stock after selling 93 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Mastercard were worth $817,000 as of its most recent SEC filing.

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

Mastercard Price Performance

MA opened at $540.57 on Friday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The stock has a fifty day simple moving average of $550.58 and a two-hundred day simple moving average of $526.92. The company has a market cap of $492.84 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Mastercard Announces Dividend

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

Mastercard declared that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer lowered their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. KeyCorp upped their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Susquehanna raised their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $606.11.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Mastercard

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.