Evermay Wealth Management LLC Has $948,000 Stake in Mastercard Incorporated (NYSE:MA)

Evermay Wealth Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 35.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,729 shares of the credit services provider’s stock after acquiring an additional 450 shares during the period. Evermay Wealth Management LLC’s holdings in Mastercard were worth $948,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC lifted its holdings in Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its holdings in Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC lifted its holdings in Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after purchasing an additional 93 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $650.00 price objective on shares of Mastercard in a research report on Tuesday, July 15th. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $612.90.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.8%

Shares of NYSE MA opened at $568.18 on Monday. The stock has a market cap of $518.02 billion, a P/E ratio of 39.84, a P/E/G ratio of 2.46 and a beta of 1.02. The firm has a 50 day moving average price of $565.61 and a 200 day moving average price of $550.38. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a 52-week low of $432.11 and a 52-week high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations 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 company earned $3.31 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

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.