Western Wealth Management LLC Sells 9,365 Shares of Mastercard Incorporated (NYSE:MA)

Western Wealth Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Addison Advisors LLC boosted its holdings in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after buying an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after buying an additional 19 shares during the period. Capital Investment Services of America Inc. raised its holdings in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. increased its stake in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its stake in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.5%

Shares of NYSE MA traded up $2.66 during midday trading on Wednesday, hitting $577.21. 788,511 shares of the stock traded hands, compared to its average volume of 2,604,687. The business has a 50 day moving average price of $541.68 and a two-hundred day moving average price of $538.59. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $526.25 billion, a PE ratio of 41.55, a P/E/G ratio of 2.37 and a beta of 1.06.

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 analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MA shares. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their price target on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Macquarie lowered their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $608.57.

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.