Envestnet Asset Management Inc. Trims Stock Position in Mastercard Incorporated (NYSE:MA)

Envestnet Asset Management Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,022,845 shares of the credit services provider's stock after selling 27,146 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of Mastercard worth $1,108,762,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MA. Hexagon Capital Partners LLC increased its stake in shares of Mastercard by 12.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,135 shares of the credit services provider's stock worth $622,000 after purchasing an additional 126 shares in the last quarter. Drake & Associates LLC increased its stake in shares of Mastercard by 21.1% in the first quarter. Drake & Associates LLC now owns 935 shares of the credit services provider's stock worth $513,000 after purchasing an additional 163 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Mastercard in the first quarter worth about $48,000. Argentarii LLC increased its stake in shares of Mastercard by 81.9% in the first quarter. Argentarii LLC now owns 2,215 shares of the credit services provider's stock worth $1,214,000 after purchasing an additional 997 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in shares of Mastercard by 2.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 5,612 shares of the credit services provider's stock worth $3,076,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,753 shares of company stock valued at $20,351,084. Insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.1%

Shares of MA traded down $0.77 during mid-day trading on Thursday, reaching $564.34. The company's stock had a trading volume of 2,577,190 shares, compared to its average volume of 2,677,942. The stock has a market cap of $514.51 billion, a PE ratio of 39.57, a P/E/G ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company's fifty day moving average price is $568.25 and its two-hundred day moving average price is $547.33.

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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.31 EPS. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's payout ratio is 21.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $611.50.

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.