Mastercard Incorporated (NYSE:MA) Shares Sold by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,610 shares of the credit services provider’s stock after selling 185 shares during the quarter. Mastercard makes up about 1.3% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Elmwood Wealth Management Inc.’s holdings in Mastercard were worth $3,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Whalerock Point Partners LLC raised its stake in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC grew its holdings in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after purchasing an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC lifted its holdings in shares of Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MA shares. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $611.50.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider directly owned 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by company insiders.

Mastercard Trading Down 0.5%

Mastercard stock opened at $561.75 on Thursday. The firm has a market cap of $512.15 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm’s 50 day moving average price is $565.55 and its two-hundred day moving average price is $546.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $3.31 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.32%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.