Segment Wealth Management LLC Purchases 596 Shares of Mastercard Incorporated (NYSE:MA)

Segment Wealth Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,417 shares of the credit services provider's stock after buying an additional 596 shares during the period. Segment Wealth Management LLC's holdings in Mastercard were worth $3,517,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Citizens & Northern Corp increased its stake in Mastercard by 0.7% during the 1st quarter. Citizens & Northern Corp now owns 8,231 shares of the credit services provider's stock worth $4,512,000 after acquiring an additional 59 shares during the period. Good Steward Wealth Advisors LLC bought a new position in Mastercard during the 1st quarter worth $244,000. River Street Advisors LLC increased its stake in Mastercard by 2.9% during the 1st quarter. River Street Advisors LLC now owns 2,336 shares of the credit services provider's stock worth $1,280,000 after acquiring an additional 65 shares during the period. Means Investment CO. Inc. increased its stake in Mastercard by 88.4% during the 1st quarter. Means Investment CO. Inc. now owns 3,456 shares of the credit services provider's stock worth $1,894,000 after acquiring an additional 1,622 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its stake in Mastercard by 8.7% during the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 2,259 shares of the credit services provider's stock worth $1,238,000 after acquiring an additional 180 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 949 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $535.80, for a total value of $508,474.20. Following the transaction, the insider now directly owns 14,021 shares of the company's stock, valued at approximately $7,512,451.80. This represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,890 shares of company stock valued at $27,003,492 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 1.8%

Shares of MA traded up $9.66 during mid-day trading on Monday, reaching $542.63. The company had a trading volume of 3,679,647 shares, compared to its average volume of 2,650,777. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day moving average price of $560.33 and a 200 day moving average price of $544.91. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $494.72 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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.