Brown Shipley& Co Ltd Sells 253 Shares of Mastercard Incorporated (NYSE:MA)

Brown Shipley& Co Ltd trimmed its stake in Mastercard Incorporated (NYSE:MA) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 573 shares of the credit services provider’s stock after selling 253 shares during the period. Brown Shipley& Co Ltd’s holdings in Mastercard were worth $302,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $32,000. Finally, Navigoe LLC bought a new position in Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $569.43 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $519.16 billion, a P/E ratio of 41.00, a P/E/G ratio of 2.37 and a beta of 1.06. The business has a fifty day simple moving average of $538.94 and a two-hundred day simple moving average of $536.96. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. JPMorgan Chase & Co. increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Royal Bank of Canada increased their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.