Puff Wealth Management LLC Has $250,000 Holdings in Mastercard Incorporated $MA

Puff Wealth Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 99.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439 shares of the credit services provider’s stock after selling 258,272 shares during the quarter. Puff Wealth Management LLC’s holdings in Mastercard were worth $250,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the first quarter worth $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of Mastercard during the second quarter worth $29,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard during the second quarter valued at $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.6%

MA opened at $565.94 on Wednesday. The firm has a market cap of $508.22 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average price of $553.70 and a 200 day moving average price of $566.14. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the firm posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $654.81.

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.