Solidarity Wealth LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,877 shares of the credit services provider's stock after purchasing an additional 1,287 shares during the period. Mastercard comprises approximately 3.0% of Solidarity Wealth LLC's holdings, making the stock its 9th biggest position. Solidarity Wealth LLC's holdings in Mastercard were worth $11,520,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new stake in Mastercard during the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock worth $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $54,000. Institutional investors own 97.28% of the company's stock.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $580.00 to $618.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Seaport Res Ptn downgraded Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Macquarie lifted their target price on Mastercard from $505.00 to $565.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $566.63.
View Our Latest Stock Analysis on Mastercard
Mastercard stock opened at $525.22 on Tuesday. 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 12 month low of $427.45 and a 12 month high of $537.70. The stock's 50 day simple moving average is $524.28 and its two-hundred day simple moving average is $494.92. The firm has a market cap of $482.06 billion, a PE ratio of 39.73, a P/E/G ratio of 2.09 and a beta of 1.10.
Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 EPS. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.
Mastercard announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This is an increase from Mastercard's previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, January 10th. Mastercard's dividend payout ratio is currently 23.00%.
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.
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