Fairhaven Wealth Management LLC Trims Position in Mastercard Incorporated (NYSE:MA)

Fairhaven Wealth Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,186 shares of the credit services provider’s stock after selling 27 shares during the quarter. Mastercard makes up 1.3% of Fairhaven Wealth Management LLC’s holdings, making the stock its 17th largest holding. Fairhaven Wealth Management LLC’s holdings in Mastercard were worth $4,052,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the last quarter. Capital International Investors boosted its holdings in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Capital Research Global Investors grew its position in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $4,595,559,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mastercard by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after buying an additional 107,953 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,516,959 shares of company stock valued at $686,890,426. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $2.54 during trading hours on Friday, reaching $483.34. 2,982,115 shares of the company’s stock were exchanged, compared to its average volume of 2,062,331. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The stock’s 50 day moving average is $453.20 and its 200-day moving average is $459.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market cap of $446.53 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 1.09.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted 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. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BNP Paribas raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $512.09.

About Mastercard

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.