Mastercard Incorporated (NYSE:MA) Position Reduced by Obermeyer Wealth Partners

Obermeyer Wealth Partners reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,280 shares of the credit services provider's stock after selling 3,634 shares during the quarter. Mastercard makes up about 3.5% of Obermeyer Wealth Partners' holdings, making the stock its 8th biggest holding. Obermeyer Wealth Partners' holdings in Mastercard were worth $67,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Norges Bank purchased a new position in Mastercard during the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its stake in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the period. Northern Trust Corp lifted its holdings in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC purchased a new position in Mastercard in the fourth quarter valued at about $617,303,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 1.7%

Shares of MA stock opened at $578.33 on Tuesday. The company's fifty day moving average price is $532.56 and its 200-day moving average price is $533.88. 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 one year low of $428.86 and a one year high of $582.23. The company has a market capitalization of $527.27 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results 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. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly 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 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 over the last ninety days. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MA has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

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.

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