Bar Harbor Wealth Management Cuts Position in Mastercard Incorporated (NYSE:MA)

Bar Harbor Wealth Management reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 16,347 shares of the credit services provider’s stock after selling 533 shares during the period. Bar Harbor Wealth Management’s holdings in Mastercard were worth $8,072,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 0.3% in the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after purchasing an additional 71,569 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after purchasing an additional 38,380 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $513.91 on Friday. The stock has a 50 day moving average of $485.71 and a two-hundred day moving average of $463.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $517.04. The firm has a market cap of $477.74 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Royal Bank of Canada upped their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Citigroup boosted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. KeyCorp boosted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Susquehanna raised their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $524.64.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 in the last ninety days. Insiders own 0.10% 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.