First Horizon Advisors Inc. Sells 465 Shares of Mastercard Incorporated (NYSE:MA)

First Horizon Advisors Inc. cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,791 shares of the credit services provider's stock after selling 465 shares during the period. First Horizon Advisors Inc.'s holdings in Mastercard were worth $2,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewSquare Capital LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the fourth quarter valued at approximately $31,000. 10Elms LLP bought a new position in shares of Mastercard in the fourth quarter worth approximately $33,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter worth $33,000. Finally, Truvestments Capital LLC increased its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated 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 transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This trade 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 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is currently owned by company insiders.

Mastercard Trading Up 0.9%

MA stock traded up $5.01 during midday trading on Friday, reaching $566.53. 1,528,739 shares of the company traded hands, compared to its average volume of 2,668,807. The firm has a market capitalization of $516.51 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The business has a 50 day moving average of $566.83 and a 200-day moving average of $546.49. 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 released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 EPS. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company 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. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 21.32%.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Finally, Macquarie lowered their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $611.50.

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.