Atwood & Palmer Inc. Has $22.55 Million Stake in Mastercard Inc (MA)
Atwood & Palmer Inc. lessened its holdings in Mastercard Inc (NYSE:MA) by 0.2% during the 1st quarter, Holdings Channel reports. The firm owned 95,751 shares of the credit services provider’s stock after selling 205 shares during the period. Mastercard makes up approximately 3.2% of Atwood & Palmer Inc.’s portfolio, making the stock its 8th biggest position. Atwood & Palmer Inc.’s holdings in Mastercard were worth $22,545,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc bought a new position in shares of Mastercard in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake in Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 97 shares during the last quarter. Ruggie Capital Group bought a new position in Mastercard during the 4th quarter worth approximately $27,000. New Capital Management LP boosted its stake in Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. Finally, Avondale Wealth Management bought a new position in Mastercard during the 4th quarter worth approximately $28,000. 75.29% of the stock is currently owned by institutional investors.
NYSE MA opened at $249.15 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $257.43. The company has a market capitalization of $246.57 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15.
In other news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the sale, the general counsel now directly owns 46,331 shares in the company, valued at $10,670,492.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of Mastercard stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the completion of the sale, the chief executive officer now owns 427,638 shares in the company, valued at $107,302,926.96. The disclosure for this sale can be found here. Insiders sold 381,530 shares of company stock worth $93,705,711 over the last quarter. 0.32% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on MA shares. Jefferies Financial Group started coverage on shares of Mastercard in a research note on Monday, January 28th. They set a “buy” rating on the stock. Barclays reissued a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Oppenheimer lifted their price objective on shares of Mastercard from $221.00 to $242.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Nomura lifted their price objective on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, Wedbush raised their target price on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $247.58.
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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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