Private Trust Co. NA Buys 542 Shares of Mastercard Incorporated (NYSE:MA)

Private Trust Co. NA increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,368 shares of the credit services provider's stock after acquiring an additional 542 shares during the quarter. Mastercard comprises about 0.6% of Private Trust Co. NA's investment portfolio, making the stock its 25th biggest position. Private Trust Co. NA's holdings in Mastercard were worth $5,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Whalerock Point Partners LLC raised 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 valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC raised its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its stake in shares of Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC grew its position in Mastercard by 18.0% during the first 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 in the last quarter. Finally, Baldwin Investment Management LLC grew its position in Mastercard by 5.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock valued at $20,173,035 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

NYSE MA traded up $5.01 on Thursday, hitting $566.53. 1,528,739 shares of the company were exchanged, compared to its average volume of 2,670,892. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a 50 day moving average of $565.55 and a two-hundred day moving average of $546.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market cap of $516.51 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.45 and a beta of 1.02.

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

Mastercard Dividend Announcement

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

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.