TRUE Private Wealth Advisors Sells 66 Shares of Mastercard Incorporated (NYSE:MA)

TRUE Private Wealth Advisors lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 996 shares of the credit services provider’s stock after selling 66 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Mastercard were worth $440,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC lifted its holdings in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the period. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. KeyCorp boosted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, July 18th. Finally, Barclays increased their target price on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $508.91.

Mastercard Stock Up 0.2 %

NYSE:MA traded up $0.80 during mid-day trading on Wednesday, reaching $460.16. The company’s stock had a trading volume of 1,449,157 shares, compared to its average volume of 2,492,024. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $427.77 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The stock has a fifty day moving average of $447.52 and a 200-day moving average of $457.79. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 5,216 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the transaction, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hai Ling sold 2,892 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the sale, the insider now owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,752,067 shares of company stock valued at $787,874,156. 0.10% of the stock is currently owned by insiders.

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.