Wagner Bowman Management Corp Lowers Stock Holdings in Mastercard Inc (NYSE:MA)

Wagner Bowman Management Corp decreased its position in shares of Mastercard Inc (NYSE:MA) by 30.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,075 shares of the credit services provider’s stock after selling 1,780 shares during the quarter. Wagner Bowman Management Corp’s holdings in Mastercard were worth $1,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its stake in Mastercard by 146.1% in the 1st quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after purchasing an additional 2,349 shares in the last quarter. Dearborn Partners LLC lifted its stake in Mastercard by 3.5% in the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after purchasing an additional 4,762 shares in the last quarter. World Asset Management Inc lifted its stake in Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares in the last quarter. Asset Dedication LLC lifted its stake in Mastercard by 23.1% in the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock worth $916,000 after purchasing an additional 727 shares in the last quarter. Finally, Charter Trust Co. lifted its stake in Mastercard by 3.6% in the 2nd quarter. Charter Trust Co. now owns 15,075 shares of the credit services provider’s stock worth $3,988,000 after purchasing an additional 518 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

MA has been the topic of several research analyst reports. Susquehanna Bancshares boosted their price target on shares of Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets set a $328.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, July 31st. KeyCorp boosted their price target on shares of Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their price target on shares of Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Barclays boosted their price target on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $291.80.

In related news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the transaction, the director now directly owns 54,438 shares in the company, valued at approximately $14,290,519.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the transaction, the insider now owns 134,120 shares in the company, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 201,511 shares of company stock worth $54,471,508 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Shares of NYSE MA traded up $2.41 during mid-day trading on Friday, hitting $274.30. 1,576,151 shares of the company’s stock traded hands, compared to its average volume of 3,730,891. The company’s 50-day moving average is $273.57 and its two-hundred day moving average is $248.15. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $278.53 billion, a P/E ratio of 42.27, a PEG ratio of 2.17 and a beta of 1.08. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $283.33.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. Equities analysts anticipate that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio is 20.34%.

Mastercard Company 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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