Campbell Newman Asset Management Inc. Has $43.76 Million Stake in Mastercard Incorporated (NYSE:MA)

Campbell Newman Asset Management Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,841 shares of the credit services provider’s stock after purchasing an additional 149 shares during the period. Mastercard makes up approximately 3.7% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 6th biggest position. Campbell Newman Asset Management Inc.’s holdings in Mastercard were worth $43,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter worth approximately $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the 4th quarter worth approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other 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 completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,686 shares of company stock valued at $26,430,428. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MA shares. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target on the stock. Finally, Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Trading Down 4.7%

MA opened at $561.50 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The firm has a 50 day simple moving average of $555.17 and a 200 day simple moving average of $543.88. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA) last issued its earnings results 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.