Physician Wealth Advisors Inc. Sells 134 Shares of Mastercard Incorporated $MA

Physician Wealth Advisors Inc. lowered its holdings in Mastercard Incorporated (NYSE:MA) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,358 shares of the credit services provider’s stock after selling 134 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Mastercard were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MA. Brighton Jones LLC increased its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after acquiring an additional 7,452 shares during the period. Mascagni Wealth Management Inc. bought a new stake in Mastercard in the fourth quarter valued at about $73,000. Retirement Planning Group LLC increased its stake in Mastercard by 4.6% in the fourth quarter. Retirement Planning Group LLC now owns 677 shares of the credit services provider’s stock valued at $356,000 after acquiring an additional 30 shares during the period. Finally, North Star Asset Management Inc. increased its stake in Mastercard by 0.4% in the fourth quarter. North Star Asset Management Inc. now owns 41,533 shares of the credit services provider’s stock valued at $21,870,000 after acquiring an additional 151 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,717 shares of company stock worth $22,684,831 over the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.4%

MA opened at $583.88 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $527.83 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The firm has a 50 day simple moving average of $577.23 and a 200 day simple moving average of $559.09. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $630.89.

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.