Personal Capital Advisors Corp Purchases 7,887 Shares of Mastercard Incorporated (NYSE:MA)

Posted by on Jun 15th, 2023

Personal Capital Advisors Corp grew its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,568 shares of the credit services provider’s stock after acquiring an additional 7,887 shares during the quarter. Mastercard comprises 0.7% of Personal Capital Advisors Corp’s holdings, making the stock its 27th largest holding. Personal Capital Advisors Corp’s holdings in Mastercard were worth $135,117,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Global Wealth Strategies & Associates bought a new position in Mastercard in the 4th quarter valued at $25,000. Financial Connections Group Inc. bought a new position in Mastercard in the 4th quarter valued at $25,000. Delta Asset Management LLC TN bought a new position in Mastercard in the 4th quarter valued at $26,000. EWG Elevate Inc. bought a new position in Mastercard in the 4th quarter valued at $27,000. Finally, Legend Financial Advisors Inc. bought a new position in Mastercard in the 3rd quarter valued at $28,000. Institutional investors own 74.51% of the company’s stock.

Insider Activity

In other news, insider Raghuvir Malhotra sold 11,398 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $381.62, for a total transaction of $4,349,704.76. Following the transaction, the insider now directly owns 9,465 shares in the company, valued at approximately $3,612,033.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Raghuvir Malhotra sold 11,398 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $381.62, for a total transaction of $4,349,704.76. Following the transaction, the insider now directly owns 9,465 shares in the company, valued at approximately $3,612,033.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Timothy H. Murphy sold 27,417 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $374.49, for a total value of $10,267,392.33. Following the transaction, the insider now owns 39,263 shares in the company, valued at $14,703,600.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 547,243 shares of company stock worth $209,102,122. 0.13% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $374.76 on Thursday. The firm has a market capitalization of $355.22 billion, a P/E ratio of 37.44, a P/E/G ratio of 1.73 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.84. The stock’s 50-day simple moving average is $374.44 and its two-hundred day simple moving average is $364.64. Mastercard Incorporated has a twelve month low of $276.87 and a twelve month high of $392.20.

Mastercard (NYSE:MA – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The credit services provider reported $2.80 EPS for the quarter, beating the consensus estimate of $2.71 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.64 billion. Mastercard had a return on equity of 169.12% and a net margin of 42.33%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.76 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 12.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MA. Credit Suisse Group upped their price target on Mastercard from $390.00 to $400.00 in a research report on Friday, April 28th. Citigroup upped their price target on Mastercard from $435.00 to $440.00 in a research report on Friday, April 28th. Royal Bank of Canada upped their price target on Mastercard from $392.00 to $404.00 in a research report on Friday, April 28th. Morgan Stanley upped their price target on Mastercard from $438.00 to $440.00 in a research report on Friday, April 28th. Finally, StockNews.com began coverage on Mastercard in a research report on Thursday, May 18th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $417.27.

Mastercard Profile

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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