Castle Rock Wealth Management LLC lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,396 shares of the credit services provider’s stock after selling 367 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Mastercard were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New Capital Management LP increased its holdings in Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. HCR Wealth Advisors increased its holdings in Mastercard by 4.5% during the 4th quarter. HCR Wealth Advisors now owns 1,164 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 50 shares in the last quarter. Gables Capital Management Inc. increased its holdings in Mastercard by 0.6% during the 4th quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after purchasing an additional 50 shares in the last quarter. Mission Wealth Management LP grew its holdings in shares of Mastercard by 2.1% in the 4th quarter. Mission Wealth Management LP now owns 2,451 shares of the credit services provider’s stock valued at $462,000 after acquiring an additional 51 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its holdings in shares of Mastercard by 0.3% in the 4th quarter. Parisi Gray Wealth Management now owns 14,958 shares of the credit services provider’s stock valued at $2,785,000 after acquiring an additional 52 shares in the last quarter. 75.49% of the stock is currently owned by institutional investors and hedge funds.

Mastercard stock opened at $239.15 on Tuesday. Mastercard Inc has a 52 week low of $170.65 and a 52 week high of $240.93. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $245.02 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. As a group, sell-side analysts predict that Mastercard Inc will post 7.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is currently 20.34%.

In related news, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the transaction, the insider now owns 20,492 shares in the company, valued at $4,923,817.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 7,650 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $238.24, for a total transaction of $1,822,536.00. Following the sale, the insider now owns 28,729 shares of the company’s stock, valued at $6,844,396.96. The disclosure for this sale can be found here. Insiders have sold 99,716 shares of company stock valued at $22,428,540 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

MA has been the subject of several analyst reports. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Jefferies Financial Group initiated coverage on Mastercard in a report on Monday, January 28th. They issued a “buy” rating for the company. Wells Fargo & Co decreased their price objective on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a report on Thursday, January 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $245.00 price objective on shares of Mastercard in a report on Friday, December 21st. Finally, Barclays restated a “buy” rating on shares of Mastercard in a report on Sunday, February 3rd. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $232.74.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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