Evermay Wealth Management LLC Sells 666 Shares of Mastercard Incorporated (NYSE:MA)

Evermay Wealth Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 37.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,105 shares of the credit services provider’s stock after selling 666 shares during the period. Evermay Wealth Management LLC’s holdings in Mastercard were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. WealthPlan Investment Management LLC lifted its stake in shares of Mastercard by 58.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 10,908 shares of the credit services provider’s stock valued at $4,319,000 after purchasing an additional 4,008 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Mastercard by 20.9% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 330 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 57 shares during the last quarter. GYL Financial Synergies LLC lifted its stake in shares of Mastercard by 13.6% in the 3rd quarter. GYL Financial Synergies LLC now owns 1,853 shares of the credit services provider’s stock valued at $733,000 after purchasing an additional 222 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Mastercard by 6.3% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 824 shares of the credit services provider’s stock valued at $326,000 after purchasing an additional 49 shares during the last quarter. Finally, Flputnam Investment Management Co. lifted its stake in shares of Mastercard by 62.4% during the 3rd quarter. Flputnam Investment Management Co. now owns 20,683 shares of the credit services provider’s stock worth $8,188,000 after acquiring an additional 7,945 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the sale, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,785,580 shares of company stock worth $812,239,407 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 0.0 %

Shares of NYSE:MA traded down $0.03 on Friday, reaching $451.18. The company had a trading volume of 2,162,182 shares, compared to its average volume of 2,475,665. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The firm’s 50 day simple moving average is $464.37 and its 200-day simple moving average is $446.18. The firm has a market capitalization of $419.42 billion, a PE ratio of 35.86, a PEG ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the business posted $2.80 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. KeyCorp raised their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $497.78.

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.