Linscomb Wealth Inc. Has $7.17 Million Stock Position in Mastercard Incorporated $MA

Linscomb Wealth Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,966 shares of the credit services provider’s stock after selling 1,800 shares during the quarter. Linscomb Wealth Inc.’s holdings in Mastercard were worth $7,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MA. Robinswood Financial LLC acquired a new stake in Mastercard during the 1st quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard during the fourth quarter worth $27,000. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard in the fourth quarter valued at $29,000. Finally, First Pacific Financial increased its stake in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after buying an additional 33 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock opened at $599.69 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.62. The company has a market cap of $525.34 billion, a PE ratio of 32.99, a PEG ratio of 1.74 and a beta of 0.71. The company’s 50-day moving average is $540.98 and its two-hundred day moving average is $518.14.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the firm earned $4.15 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the transaction, the insider owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the completion of the transaction, the chief executive officer owned 115,921 shares in the company, valued at $65,806,033.28. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Truist Financial upped their target price on shares of Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Robert W. Baird upped their target price on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald upped their price objective on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average target price of $661.93.

Mastercard Company Profile

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.