Mastercard Inc (MA) Shares Sold by Vanguard Capital Wealth Advisors

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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.

MA has been the topic of several recent analyst reports. KeyCorp lifted their price objective on shares of Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Jefferies Financial Group started coverage on shares of Mastercard in a research note on Monday, January 28th. They set a “buy” rating for the company. BMO Capital Markets lifted their price objective on shares of Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays reissued a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Finally, Oppenheimer boosted their target price on shares of Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average price target of $247.58.

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.

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Mastercard Profile

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.

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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).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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