Highline Wealth Partners LLC Has $46,000 Holdings in Mastercard Incorporated (NYSE:MA)

Highline Wealth Partners LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 72.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88 shares of the credit services provider’s stock after buying an additional 37 shares during the quarter. Highline Wealth Partners LLC’s holdings in Mastercard were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MA. Goldstein Advisors LLC increased its stake in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. Community Bank N.A. boosted its stake in Mastercard by 0.9% during the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC increased its holdings in Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management raised its stake in shares of Mastercard by 1.0% in the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after purchasing an additional 20 shares during the last quarter. Finally, McLean Asset Management Corp lifted its holdings in shares of Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.7 %

Shares of MA traded down $8.95 during mid-day trading on Friday, reaching $506.69. The company’s stock had a trading volume of 1,281,543 shares, compared to its average volume of 2,203,917. 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 52 week low of $425.48 and a 52 week high of $537.70. The company’s fifty day moving average price is $524.15 and its two-hundred day moving average price is $491.44. The stock has a market cap of $465.06 billion, a PE ratio of 38.33, a P/E/G ratio of 2.36 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.39 EPS. On average, analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has approved a stock buyback 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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is currently 23.00%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Mizuho increased their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. KeyCorp boosted their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Citigroup raised their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $562.76.

Mastercard 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.