Mastercard Incorporated (NYSE:MA) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,217 shares of the credit services provider's stock after selling 2,863 shares during the quarter. Mastercard comprises approximately 2.7% of Forte Capital LLC ADV's investment portfolio, making the stock its 7th biggest holding. Forte Capital LLC ADV's holdings in Mastercard were worth $23,140,000 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. Whalerock Point Partners LLC boosted its stake 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 worth $7,729,000 after acquiring an additional 185 shares during the last quarter. Fortis Advisors LLC raised 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 worth $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida raised 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 worth $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC raised 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 worth $3,766,000 after buying an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC raised 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 worth $911,000 after buying an additional 93 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 0.6%

MA traded down $3.09 during trading on Friday, reaching $552.52. 2,579,579 shares of the stock were exchanged, compared to its average volume of 2,666,094. The stock has a market cap of $503.74 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The stock's 50 day moving average price is $567.61 and its two-hundred day moving average price is $548.26. 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 (NYSE:MA - Get Free Report) last issued 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. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 earnings per share. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Analysts Set New Price Targets

Several brokerages have commented on MA. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and set a $650.00 target price on shares of Mastercard in a report on Tuesday. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday. They set a "buy" rating and a $650.00 target price on the stock. Finally, KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $612.90.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value 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. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider directly owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 in the last ninety days. 0.09% of the stock is owned by company insiders.

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.