Vanguard Capital Wealth Advisors lessened its stake in Mastercard Inc (NYSE:MA) by 6.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 10,360 shares of the credit services provider’s stock after selling 700 shares during the quarter. Mastercard makes up approximately 3.1% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 6th biggest position. Vanguard Capital Wealth Advisors’ holdings in Mastercard were worth $2,439,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in MA. Vanguard Group Inc grew its position in Mastercard by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. BKD Wealth Advisors LLC boosted its holdings in shares of Mastercard by 5.3% in the fourth quarter. BKD Wealth Advisors LLC now owns 4,196 shares of the credit services provider’s stock worth $792,000 after buying an additional 212 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Mastercard during the 4th quarter worth approximately $1,453,000. Watch Point Trust Co raised its stake in Mastercard by 5.8% during the 4th quarter. Watch Point Trust Co now owns 4,411 shares of the credit services provider’s stock worth $832,000 after acquiring an additional 240 shares during the period. Finally, Sumitomo Life Insurance Co. raised its stake in Mastercard by 2.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 36,888 shares of the credit services provider’s stock worth $6,959,000 after acquiring an additional 878 shares during the period. 74.43% of the stock is owned by institutional investors and hedge funds.
In other Mastercard news, insider Michael Fraccaro sold 8,658 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now directly owns 4,124 shares of the company’s stock, valued at approximately $949,386.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 381,530 shares of company stock valued at $93,705,711. 0.32% of the stock is owned by corporate insiders.
NYSE MA traded up $1.75 during mid-day trading on Monday, hitting $251.48. The stock had a trading volume of 2,710,979 shares, compared to its average volume of 3,868,060. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $258.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. The company has a market cap of $256.89 billion, a P/E ratio of 38.75, a P/E/G ratio of 1.99 and a beta of 1.15.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company earned $1.50 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Inc will post 7.6 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Mastercard Inc (MA) Shares Sold by Vanguard Capital Wealth Advisors” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/4354268/mastercard-inc-ma-shares-sold-by-vanguard-capital-wealth-advisors.html.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Further Reading: What are momentum indicators and what do they show?
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.