Alliance Wealth Advisors LLC UT Has $3.65 Million Stock Position in Mastercard Incorporated $MA

Alliance Wealth Advisors LLC UT reduced its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,414 shares of the credit services provider’s stock after selling 1,286 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Mastercard were worth $3,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Brighton Jones LLC lifted its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 200 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in shares of Mastercard by 1.7% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 1,660 shares of the credit services provider’s stock valued at $933,000 after acquiring an additional 28 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of Mastercard by 12.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 5,782 shares of the credit services provider’s stock valued at $3,249,000 after acquiring an additional 641 shares during the last quarter. Finally, Hobart Private Capital LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at $351,000. Institutional investors own 97.28% of the company’s stock.

Trending Headlines about Mastercard

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on MA shares. Tigress Financial increased their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price target for the company from $620.00 to $735.00 in a research report on Tuesday, January 13th. HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Finally, Evercore set a $610.00 price objective on Mastercard in a report on Friday, December 12th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus target price of $669.27.

View Our Latest Report on MA

Mastercard Stock Up 1.1%

Shares of Mastercard stock opened at $525.94 on Friday. The stock’s 50-day moving average is $551.10 and its 200 day moving average is $561.70. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market cap of $472.30 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.70 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.82 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio is currently 21.07%.

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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