Bath Savings Trust Co trimmed its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,353 shares of the credit services provider’s stock after selling 1,455 shares during the period. Mastercard comprises 5.1% of Bath Savings Trust Co’s portfolio, making the stock its biggest holding. Bath Savings Trust Co’s holdings in Mastercard were worth $18,382,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MA. American Beacon Advisors Inc. purchased a new position in Mastercard in the first quarter worth about $100,000. Lipe & Dalton purchased a new position in Mastercard in the first quarter worth about $101,000. Proficio Capital Partners LLC boosted its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after purchasing an additional 100 shares during the last quarter. Finally, First Bank & Trust boosted its position in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after purchasing an additional 165 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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Mastercard Incorporated (NYSE:MA) traded down 1.45% during trading on Wednesday, reaching $140.36. The company had a trading volume of 2,112,158 shares. Mastercard Incorporated has a 52 week low of $98.38 and a 52 week high of $143.52. The company’s 50-day moving average is $132.14 and its 200 day moving average is $121.52. The firm has a market capitalization of $149.47 billion, a price-to-earnings ratio of 34.83 and a beta of 1.18.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post $4.43 EPS for the current year.

Several research analysts have issued reports on MA shares. Deutsche Bank AG reissued a “buy” rating and issued a $124.00 target price on shares of Mastercard in a research report on Thursday, May 25th. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. raised their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $137.38.

In other news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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