Barlow Wealth Partners Inc. Acquires New Position in Mastercard Incorporated (NYSE:MA)

Barlow Wealth Partners Inc. bought a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 880 shares of the credit services provider’s stock, valued at approximately $375,000.

A number of other institutional investors also recently modified their holdings of MA. Sovereign Financial Group Inc. boosted its holdings in Mastercard by 2.7% in the fourth quarter. Sovereign Financial Group Inc. now owns 5,431 shares of the credit services provider’s stock worth $2,316,000 after purchasing an additional 145 shares in the last quarter. Simmons Bank boosted its stake in shares of Mastercard by 9.4% during the 4th quarter. Simmons Bank now owns 5,817 shares of the credit services provider’s stock worth $2,481,000 after acquiring an additional 500 shares in the last quarter. Centric Wealth Management increased its holdings in shares of Mastercard by 4.2% during the 4th quarter. Centric Wealth Management now owns 10,322 shares of the credit services provider’s stock valued at $4,715,000 after acquiring an additional 419 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mastercard by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock valued at $1,989,875,000 after acquiring an additional 107,953 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Mastercard by 19.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,319 shares of the credit services provider’s stock worth $989,000 after purchasing an additional 378 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the transaction, the insider now owns 96,230,308 shares in the company, valued at $43,070,761,254.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 872,088 shares of company stock worth $395,452,118. 0.13% of the stock is owned by corporate insiders.

Mastercard Price Performance

NYSE:MA traded up $3.76 on Tuesday, reaching $453.13. The stock had a trading volume of 2,345,329 shares, compared to its average volume of 2,471,482. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $422.72 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The stock has a fifty day moving average price of $468.64 and a 200-day moving average price of $439.23.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.80 EPS. Research analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MA shares. Morgan Stanley dropped their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. KeyCorp lifted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. reduced their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

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.