IHT Wealth Management LLC Buys 2,097 Shares of Mastercard Incorporated (NYSE:MA)

IHT Wealth Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,951 shares of the credit services provider’s stock after acquiring an additional 2,097 shares during the quarter. IHT Wealth Management LLC’s holdings in Mastercard were worth $5,908,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Goldstein Advisors LLC boosted its stake in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. Community Bank N.A. boosted its stake in shares of Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its stake in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Oldfather Financial Services LLC boosted its stake in shares of Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after purchasing an additional 21 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its stake in shares of Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. Mizuho raised their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. KeyCorp raised their price objective on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. decreased their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

Shares of MA traded down $0.58 during mid-day trading on Tuesday, reaching $530.78. 315,871 shares of the stock traded hands, compared to its average volume of 2,452,737. The firm has a fifty day moving average price of $510.37 and a 200 day moving average price of $476.43. The company has a market cap of $487.17 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $535.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company 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.