Mastercard Incorporated (NYSE:MA) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,216 shares of the credit services provider's stock after selling 1,042 shares during the quarter. Mastercard comprises about 5.7% of Bath Savings Trust Co's investment portfolio, making the stock its 2nd largest position. Bath Savings Trust Co's holdings in Mastercard were worth $55,479,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whalerock Point Partners LLC lifted its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares during the last quarter. Dock Street Asset Management Inc. raised its position in Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after purchasing an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC raised its position in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after purchasing an additional 1,194 shares during the period. Avestar Capital LLC lifted its stake in Mastercard by 10.9% in the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its position in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after buying an additional 93 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 1.0%

MA stock traded up $5.49 during trading on Friday, reaching $583.27. 4,581,021 shares of the company traded hands, compared to its average volume of 2,610,146. The business has a 50 day simple moving average of $543.93 and a 200 day simple moving average of $539.54. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $531.77 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.31 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 over the last three months. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock a "buy" rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $608.57.

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.