Talbot Financial LLC Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Talbot Financial LLC lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,675 shares of the credit services provider's stock after selling 435 shares during the period. Talbot Financial LLC's holdings in Mastercard were worth $8,592,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. American National Bank & Trust grew its position in Mastercard by 15.2% in the 1st quarter. American National Bank & Trust now owns 3,345 shares of the credit services provider's stock worth $1,833,000 after purchasing an additional 441 shares in the last quarter. Advance Capital Management Inc. boosted its stake in shares of Mastercard by 4.2% in the 1st quarter. Advance Capital Management Inc. now owns 1,706 shares of the credit services provider's stock worth $935,000 after buying an additional 69 shares during the last quarter. Czech National Bank grew its holdings in shares of Mastercard by 5.2% in the first quarter. Czech National Bank now owns 187,055 shares of the credit services provider's stock valued at $102,529,000 after acquiring an additional 9,329 shares in the last quarter. Aletheian Wealth Advisors LLC increased its position in shares of Mastercard by 14.1% during the first quarter. Aletheian Wealth Advisors LLC now owns 946 shares of the credit services provider's stock valued at $519,000 after acquiring an additional 117 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Mastercard by 3.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 20,833 shares of the credit services provider's stock worth $11,419,000 after acquiring an additional 773 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.0%

Mastercard stock traded down $0.29 during mid-day trading on Thursday, reaching $583.84. 738,416 shares of the company traded hands, compared to its average volume of 2,738,836. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The firm has a market capitalization of $532.29 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 2.37 and a beta of 1.05. The firm's 50 day moving average price is $545.93 and its 200 day moving average price is $540.81.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.31 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MA shares. 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. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $610.00.

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.