Wesbanco Bank Inc. Sells 2,112 Shares of Mastercard Incorporated $MA

Wesbanco Bank Inc. lessened its position in Mastercard Incorporated (NYSE:MA) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 65,556 shares of the credit services provider’s stock after selling 2,112 shares during the period. Mastercard accounts for approximately 1.1% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 15th biggest holding. Wesbanco Bank Inc.’s holdings in Mastercard were worth $36,839,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the first quarter worth $31,000. 10Elms LLP bought a new stake in shares of Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard during the fourth quarter worth $36,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.4%

Mastercard stock opened at $580.75 on Friday. The company has a fifty day simple moving average of $574.60 and a 200 day simple moving average of $558.33. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $525.00 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $626.54.

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,094 shares of company stock worth $26,521,861. Corporate insiders own 0.09% of the company’s stock.

Mastercard 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.