Nelson Van Denburg & Campbell Wealth Management Group LLC Trims Position in Mastercard Inc (NYSE:MA)
Nelson Van Denburg & Campbell Wealth Management Group LLC lessened its stake in shares of Mastercard Inc (NYSE:MA) by 6.9% in the third quarter, Holdings Channel reports. The institutional investor owned 10,893 shares of the credit services provider’s stock after selling 806 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Mastercard were worth $2,958,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MA. Joseph P. Lucia & Associates LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $26,000. Ellevest Inc. boosted its position in shares of Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $31,000. Delphi Private Advisors LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $31,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.
NYSE:MA traded up $4.77 during mid-day trading on Wednesday, reaching $271.84. The stock had a trading volume of 43,300 shares, compared to its average volume of 3,520,562. The firm has a 50 day moving average price of $276.08 and a two-hundred day moving average price of $261.83. The stock has a market capitalization of $278.05 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.27 and a beta of 1.06. Mastercard Inc has a one year low of $171.89 and a one year high of $293.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.33 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. Mastercard’s payout ratio is 20.34%.
In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $275.98, for a total value of $2,194,041.00. Following the completion of the sale, the insider now owns 112,173,812 shares in the company, valued at $30,957,728,635.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,770 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total value of $789,450.00. Following the completion of the sale, the insider now owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders sold a total of 140,143 shares of company stock valued at $38,535,340 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.
MA has been the subject of a number of research analyst reports. Wedbush lifted their price target on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. UBS Group lifted their price target on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. BMO Capital Markets set a $328.00 price target on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Raymond James lifted their price target on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $299.09.
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.
Recommended Story: What is dividend yield?
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.