Nichols & Pratt Advisers LLP MA Has $79.58 Million Position in Mastercard Incorporated (NYSE:MA)

Nichols & Pratt Advisers LLP MA lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,181 shares of the credit services provider's stock after selling 1,259 shares during the period. Mastercard accounts for approximately 5.4% of Nichols & Pratt Advisers LLP MA's investment portfolio, making the stock its 4th biggest position. Nichols & Pratt Advisers LLP MA's holdings in Mastercard were worth $79,583,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Founders Financial Alliance LLC increased its stake in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after buying an additional 19 shares during the period. BlackDiamond Wealth Management LLC increased its stake in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after buying an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC grew its stake in shares of Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after purchasing an additional 19 shares during the last quarter. Strategy Asset Managers LLC grew its stake in shares of Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after purchasing an additional 19 shares during the last quarter. Finally, Phillips Wealth Planners LLC grew its stake in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,441 shares of company stock valued at $20,173,035. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Up 0.9%

NYSE MA traded up $5.01 during trading hours on Friday, hitting $566.53. The company's stock had a trading volume of 1,528,739 shares, compared to its average volume of 2,668,807. The stock has a fifty day moving average of $566.83 and a 200 day moving average of $546.49. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The firm has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. Mastercard's revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 21.32%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.