Calton & Associates Inc. Sells 63 Shares of Mastercard Incorporated (NYSE:MA)

Calton & Associates Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,597 shares of the credit services provider’s stock after selling 63 shares during the quarter. Calton & Associates Inc.’s holdings in Mastercard were worth $570,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MA. MCIA Inc grew its position in shares of Mastercard by 18.6% during the first quarter. MCIA Inc now owns 8,379 shares of the credit services provider’s stock valued at $2,911,000 after purchasing an additional 1,313 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Mastercard by 7,526.5% during the third quarter. EP Wealth Advisors LLC now owns 280,121 shares of the credit services provider’s stock valued at $1,412,000 after purchasing an additional 276,448 shares in the last quarter. Summit X LLC grew its position in Mastercard by 3.6% in the fourth quarter. Summit X LLC now owns 19,961 shares of the credit services provider’s stock worth $7,179,000 after acquiring an additional 692 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Mastercard in the fourth quarter worth about $54,000. Finally, Orion Portfolio Solutions LLC grew its position in Mastercard by 29.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 31,919 shares of the credit services provider’s stock worth $11,469,000 after acquiring an additional 7,239 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Bank of America dropped their target price on Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday, April 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. BMO Capital Markets dropped their target price on Mastercard from $412.00 to $402.00 in a research report on Friday, April 29th. Citigroup lowered their price target on Mastercard from $445.00 to $435.00 in a report on Monday, April 25th. Finally, Piper Sandler downgraded Mastercard from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $360.00 to $357.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $422.94.

In other news, insider Raj Seshadri sold 7,000 shares of the company’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $367.68, for a total value of $2,573,760.00. Following the sale, the insider now owns 10,439 shares in the company, valued at $3,838,211.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 1,561 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,543 shares of company stock worth $108,482,025. Company insiders own 0.33% of the company’s stock.

Shares of NYSE:MA opened at $316.15 on Thursday. The business’s 50-day moving average is $344.96 and its 200 day moving average is $353.06. Mastercard Incorporated has a 1 year low of $303.65 and a 1 year high of $399.92. The firm has a market capitalization of $307.50 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34.

Mastercard (NYSE:MA – Get Rating) last announced its earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.59. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post 10.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $1.96 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is presently 20.40%.

Mastercard Company Profile (Get Rating)

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 other payment-related products and services.

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