ERTS Wealth Advisors LLC reduced its position in shares of Mastercard Inc (NYSE:MA) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,977 shares of the credit services provider’s stock after selling 236 shares during the period. Mastercard comprises 0.6% of ERTS Wealth Advisors LLC’s portfolio, making the stock its 25th largest position. ERTS Wealth Advisors LLC’s holdings in Mastercard were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Polen Capital Management LLC raised its holdings in Mastercard by 65.9% in the second quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock valued at $1,161,833,000 after acquiring an additional 1,744,262 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after acquiring an additional 1,548,776 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after acquiring an additional 1,280,570 shares in the last quarter. FMR LLC raised its holdings in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after acquiring an additional 720,407 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in Mastercard by 144.3% in the first quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after acquiring an additional 648,434 shares in the last quarter. 74.68% of the stock is currently owned by institutional investors and hedge funds.

MA has been the topic of several recent analyst reports. Raymond James upped their price target on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush upped their price target on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Argus upped their price target on shares of Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday, July 31st. Barclays upped their price target on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Susquehanna Bancshares upped their price target on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $296.95.

Shares of NYSE:MA traded up $0.53 on Friday, reaching $276.93. 1,142,083 shares of the company’s stock were exchanged, compared to its average volume of 3,071,063. The business’s 50-day moving average is $276.96 and its two-hundred day moving average is $255.88. The firm has a market capitalization of $276.29 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 2.15 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $293.69.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 earnings per share. Analysts predict that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

In other news, insider Michael Miebach sold 2,770 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the transaction, the insider now owns 12,778 shares in the company, valued at $3,641,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the transaction, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders have sold 200,307 shares of company stock valued at $54,217,743 in the last 90 days. Insiders own 3.70% of the company’s stock.

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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