Mastercard Incorporated (NYSE:MA) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, HoldingsChannel.com reports. The firm owned 16,489 shares of the credit services provider’s stock after selling 213 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Mastercard were worth $9,038,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MA. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new position in Mastercard during the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 in the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MA shares. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price on the stock. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. UBS Group raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $609.66.

Mastercard Trading Down 0.9%

NYSE MA opened at $580.56 on Tuesday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a 50-day simple moving average of $544.56 and a 200-day simple moving average of $540.21. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $529.30 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business posted $3.31 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Company 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.