Bar Harbor Wealth Management Sells 396 Shares of Mastercard Incorporated (NYSE:MA)

Bar Harbor Wealth Management lessened its position in Mastercard Incorporated (NYSE:MA) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,531 shares of the credit services provider’s stock after selling 396 shares during the quarter. Bar Harbor Wealth Management’s holdings in Mastercard were worth $7,904,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Mastercard by 1.4% in the 2nd quarter. State Street Corp now owns 35,255,582 shares of the credit services provider’s stock worth $13,866,020,000 after buying an additional 495,768 shares during the period. Morgan Stanley boosted its stake in Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Norges Bank acquired a new stake in Mastercard in the 4th quarter worth approximately $3,308,223,000. Northern Trust Corp lifted its stake in Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after acquiring an additional 251,516 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Mastercard by 3.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock valued at $3,311,670,000 after acquiring an additional 318,077 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.2 %

NYSE MA opened at $476.80 on Wednesday. Mastercard Incorporated has a 12 month low of $352.80 and a 12 month high of $490.00. The company has a 50-day moving average of $462.19 and a 200-day moving average of $425.66. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $444.80 billion, a P/E ratio of 40.30, a P/E/G ratio of 1.81 and a beta of 1.08.

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

Mastercard declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 5th that permits the company to buyback $11.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 8,900 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. In the last three months, insiders sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MA shares. The Goldman Sachs Group lifted their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada lifted their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. KeyCorp lifted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Wells Fargo & Company lifted their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $479.62.

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.