Smith Salley & Associates reduced its position in shares of Mastercard Inc (NYSE:MA) by 16.8% in the first quarter, HoldingsChannel reports. The firm owned 41,676 shares of the credit services provider’s stock after selling 8,413 shares during the period. Mastercard comprises approximately 1.6% of Smith Salley & Associates’ holdings, making the stock its 18th biggest position. Smith Salley & Associates’ holdings in Mastercard were worth $9,812,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Valley National Advisers Inc. lifted its holdings in shares of Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 97 shares during the last quarter. Ruggie Capital Group bought a new stake in shares of Mastercard during the 4th quarter worth $27,000. Brandywine Global Investment Management LLC bought a new stake in shares of Mastercard during the 4th quarter worth $30,000. Field & Main Bank bought a new stake in shares of Mastercard during the 1st quarter worth $38,000. Finally, Motco lifted its holdings in shares of Mastercard by 40.9% during the 4th quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.
In other news, General Counsel Timothy H. Murphy sold 60,428 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the completion of the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ajay Banga sold 252,600 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the transaction, the chief executive officer now owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,504 shares of company stock valued at $94,748,926. Insiders own 0.32% of the company’s stock.
Shares of NYSE:MA opened at $261.20 on Friday. The stock has a market cap of $269.53 billion, a PE ratio of 40.25, a PEG ratio of 2.09 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $269.85.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. On average, equities analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current year.
MA has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Wedbush reissued an “outperform” rating and issued a $287.00 price target (up from $261.00) on shares of Mastercard in a research note on Thursday. Wells Fargo & Co boosted their price target on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on shares of Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Citigroup boosted their price target on shares of Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $249.75.
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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