Mastercard Incorporated (NYSE:MA) Shares Sold by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC cut its holdings in Mastercard Incorporated (NYSE:MA) by 24.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,373 shares of the credit services provider’s stock after selling 1,079 shares during the period. Mastercard comprises approximately 1.6% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 10th biggest position. Tilt Investment Management Holdings PBC’s holdings in Mastercard were worth $1,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Activest Wealth Management grew its position in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 250 shares during the last quarter. Everett Harris & Co. CA lifted its stake in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the period. Fortune Financial Advisors LLC lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after acquiring an additional 339 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of Mastercard by 1.5% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after acquiring an additional 612 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $435.00, for a total value of $1,740,000.00. Following the completion of the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,712,225. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Bhalla sold 4,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now owns 6,235 shares in the company, valued at approximately $2,712,225. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,728 shares of company stock valued at $19,479,753. Company insiders own 0.13% of the company’s stock.

Mastercard Trading Down 1.2 %

Shares of MA stock traded down $5.47 on Thursday, hitting $454.69. The stock had a trading volume of 987,962 shares, compared to its average volume of 2,392,561. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The firm has a market cap of $424.18 billion, a P/E ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The company has a fifty day moving average price of $471.83 and a two-hundred day moving average price of $433.21.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the prior year, the business earned $2.65 EPS. As a group, analysts forecast that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is presently 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. Mizuho reissued a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Oppenheimer reissued an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. KeyCorp boosted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. TD Cowen began coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Finally, Raymond James upped their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

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.