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.

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

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.

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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