Western Wealth Management LLC Cuts Holdings in Mastercard Incorporated (NYSE:MA)

Western Wealth Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,699 shares of the credit services provider's stock after selling 9,365 shares during the quarter. Western Wealth Management LLC's holdings in Mastercard were worth $895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH purchased a new position in Mastercard in the fourth quarter valued at about $211,000. XML Financial LLC grew its stake in shares of Mastercard by 15.0% during the fourth quarter. XML Financial LLC now owns 1,142 shares of the credit services provider's stock worth $601,000 after acquiring an additional 149 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of Mastercard by 12.7% during the fourth quarter. Advisory Alpha LLC now owns 1,683 shares of the credit services provider's stock worth $886,000 after acquiring an additional 190 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Mastercard by 1.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 332,955 shares of the credit services provider's stock worth $175,324,000 after purchasing an additional 3,706 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Mastercard by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 294,978 shares of the credit services provider's stock worth $155,327,000 after purchasing an additional 2,752 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 in the last quarter. Insiders own 0.10% of the company's stock.

Mastercard Trading Up 1.9%

NYSE MA traded up $10.45 on Tuesday, reaching $574.03. 2,654,919 shares of the company were exchanged, compared to its average volume of 2,611,797. The business's fifty day moving average price is $540.93 and its 200 day moving average price is $538.34. The stock has a market capitalization of $523.35 billion, a P/E ratio of 41.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company posted $3.31 EPS. The company's quarterly revenue was up 14.2% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. Piper Sandler reissued an "overweight" rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Morgan Stanley dropped their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $607.86.

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.