Mastercard Incorporated $MA Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB has reduced its stake in Mastercard by 10.8%, selling 12,939 shares and now holding 106,743 shares worth approximately $59.98 million.
• Mastercard reported earnings per share (EPS) of $4.15 for the last quarter, exceeding analyst estimates by $0.10, with revenue reaching $8.13 billion, up 16.8% year-over-year.
• Several analysts have increased their price targets for Mastercard, with Deutsche Bank setting a target of $650.00 and Wells Fargo increasing their target to $650.00, reflecting a bullish outlook on the company's performance.

E. Ohman J or Asset Management AB reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,743 shares of the credit services provider's stock after selling 12,939 shares during the period. Mastercard accounts for about 1.5% of E. Ohman J or Asset Management AB's portfolio, making the stock its 12th largest holding. E. Ohman J or Asset Management AB's holdings in Mastercard were worth $59,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Ethos Financial Group LLC boosted its holdings in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock worth $1,683,000 after purchasing an additional 518 shares during the last quarter. Fortis Advisors LLC boosted its holdings in shares of 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 purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in shares of 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 purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,047 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Mastercard by 0.5% during the 1st quarter. Focus Partners Wealth now owns 607,702 shares of the credit services provider's stock worth $333,095,000 after purchasing an additional 3,001 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock valued at $26,521,861 over the last quarter. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 1.4%

Shares of NYSE MA opened at $580.75 on Monday. The firm has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.38 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The business's 50 day moving average is $574.60 and its two-hundred day moving average is $558.29.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 earnings per share. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company upped their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $626.54.

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.

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