Mastercard Inc (NYSE:MA) Holdings Trimmed by Arbor Wealth Management LLC

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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 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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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