Mastercard Incorporated (NYSE:MA) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,402 shares of the credit services provider’s stock after selling 1,181 shares during the period. Mastercard accounts for 1.6% of Trust Co. of Vermont’s portfolio, making the stock its 11th largest position. Trust Co. of Vermont’s holdings in Mastercard were worth $32,559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whalerock Point Partners LLC grew 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 buying an additional 185 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after buying an additional 1,194 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after buying an additional 1,047 shares during the period. Baldwin Investment Management LLC grew its stake in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after buying an additional 93 shares during the period. Finally, Norges Bank purchased a new stake in Mastercard during the fourth quarter worth approximately $6,022,224,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.50.

Mastercard Trading Down 0.5%

Shares of Mastercard stock opened at $546.71 on Friday. The firm has a market capitalization of $498.44 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $562.44 and its two-hundred day moving average price is $545.20. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock valued at $19,035,108 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

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.