Axxcess Wealth Management LLC Cuts Stock Position in Mastercard Incorporated (NYSE:MA)

Axxcess Wealth Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,464 shares of the credit services provider's stock after selling 1,411 shares during the quarter. Axxcess Wealth Management LLC's holdings in Mastercard were worth $7,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 10Elms LLP bought a new stake in Mastercard in the fourth quarter worth about $33,000. Truvestments Capital LLC boosted its stake in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard in the 4th quarter valued at about $36,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 2.4%

MA stock traded down $13.48 during mid-day trading on Friday, reaching $550.04. The company had a trading volume of 3,221,317 shares, compared to its average volume of 2,672,058. The company has a market capitalization of $501.48 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The firm has a 50 day moving average of $568.60 and a 200 day moving average of $547.57. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, 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 valued at $20,351,084 in the last 90 days. Insiders own 0.09% of the company's stock.

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.