Mastercard Incorporated (NYSE:MA) Shares Sold by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 485 shares of the credit services provider’s stock after selling 36 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Mastercard were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in Mastercard in the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at about $32,000. Marshall Investment Management LLC purchased a new position in Mastercard in the 4th quarter valued at about $30,000. Finally, 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter worth about $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 1.0%

Shares of MA stock opened at $564.23 on Monday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The firm’s 50-day simple moving average is $540.36 and its 200-day simple moving average is $538.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $514.41 billion, a P/E ratio of 40.62, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. UBS Group decreased their price target on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Royal Bank of Canada raised their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $606.25.

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.