Mastercard Incorporated (NYSE:MA) Stake Cut by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,188 shares of the credit services provider's stock after selling 1,430 shares during the quarter. Bar Harbor Wealth Management's holdings in Mastercard were worth $8,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $32,000. Finally, Navigoe LLC purchased a new position in Mastercard in the 4th quarter worth approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

Mastercard stock traded up $6.49 during trading hours on Monday, hitting $568.52. 3,107,378 shares of the company traded hands, compared to its average volume of 2,618,015. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a market cap of $518.32 billion, a P/E ratio of 40.93, a P/E/G ratio of 2.37 and a beta of 1.05. The firm's 50-day simple moving average is $555.17 and its two-hundred day simple moving average is $544.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm posted $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard 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.