Arbor Wealth Management LLC lessened its position in Mastercard Inc (NYSE:MA) by 20.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,246 shares of the credit services provider’s stock after selling 579 shares during the period. Arbor Wealth Management LLC’s holdings in Mastercard were worth $431,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. NEXT Financial Group Inc grew its position in Mastercard by 10.1% during the first quarter. NEXT Financial Group Inc now owns 6,587 shares of the credit services provider’s stock valued at $1,154,000 after buying an additional 603 shares during the period. Tuttle Tactical Management purchased a new position in Mastercard during the first quarter valued at approximately $1,700,000. Private Capital Group LLC lifted its holdings in Mastercard by 4,051.9% during the first quarter. Private Capital Group LLC now owns 3,363 shares of the credit services provider’s stock valued at $589,000 after purchasing an additional 3,282 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in Mastercard by 812.0% during the first quarter. Highbridge Capital Management LLC now owns 28,665 shares of the credit services provider’s stock valued at $5,021,000 after purchasing an additional 25,522 shares in the last quarter. Finally, Baxter Bros Inc. lifted its holdings in shares of Mastercard by 32.6% in the first quarter. Baxter Bros Inc. now owns 19,217 shares of the credit services provider’s stock worth $3,366,000 after buying an additional 4,727 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $173.22, for a total value of $866,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ajay Banga sold 239,020 shares of the stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total value of $44,450,549.40. Following the completion of the sale, the chief executive officer now owns 355,411 shares of the company’s stock, valued at approximately $66,095,783.67. The disclosure for this sale can be found here. Insiders have sold 269,631 shares of company stock worth $50,004,432 over the last quarter. 0.32% of the stock is currently owned by company insiders.
Mastercard opened at $196.52 on Friday, Marketbeat reports. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $205.77 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 1.64 and a beta of 1.18. Mastercard Inc has a fifty-two week low of $120.65 and a fifty-two week high of $204.00.
Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. Mastercard’s revenue was up 30.9% compared to the same quarter last year. equities analysts predict that Mastercard Inc will post 6.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 9th. Investors of record on Monday, July 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 6th. This represents a $1.00 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
A number of equities research analysts recently issued reports on MA shares. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a research note on Thursday, April 12th. SunTrust Banks boosted their price objective on shares of Mastercard to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Nomura upped their price target on shares of Mastercard to $213.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Loop Capital upped their price objective on shares of Mastercard to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $188.76.
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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