Prentice Wealth Management LLC Sells 188 Shares of Mastercard Incorporated (NYSE:MA)

Prentice Wealth Management LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 6.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,635 shares of the credit services provider’s stock after selling 188 shares during the quarter. Prentice Wealth Management LLC’s holdings in Mastercard were worth $1,444,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new position in Mastercard in the fourth quarter valued at $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard in the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $33,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the sale, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 4.7%

NYSE MA opened at $561.50 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $555.17 and a 200 day simple moving average of $543.96. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MA shares. Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Evercore ISI assumed 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 for the company. Finally, UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $610.00.

About Mastercard

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.