Wesbanco Bank Inc. Sells 6,558 Shares of Mastercard Inc (NYSE:MA)

Wesbanco Bank Inc. lowered its position in shares of Mastercard Inc (NYSE:MA) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,665 shares of the credit services provider’s stock after selling 6,558 shares during the quarter. Mastercard accounts for 1.2% of Wesbanco Bank Inc.’s holdings, making the stock its 14th biggest position. Wesbanco Bank Inc.’s holdings in Mastercard were worth $25,307,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Claro Advisors LLC grew its holdings in Mastercard by 4.1% during the second quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Mastercard by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after buying an additional 38 shares during the period. First Personal Financial Services lifted its holdings in Mastercard by 4.8% in the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after buying an additional 38 shares during the period. Campbell Wealth Management lifted its holdings in Mastercard by 3.9% in the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock worth $266,000 after buying an additional 38 shares during the period. Finally, Virtus ETF Advisers LLC lifted its holdings in Mastercard by 23.0% in the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock worth $54,000 after buying an additional 38 shares during the period. 74.68% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. Nomura raised their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Citigroup raised their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks restated a “buy” rating and issued a $325.00 target price (up previously from $310.00) on shares of Mastercard in a research note on Friday. Finally, Credit Suisse Group set a $292.00 target price on Mastercard and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $296.95.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of Mastercard stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $279.16, for a total value of $2,219,322.00. Following the completion of the sale, the insider now owns 112,173,812 shares of the company’s stock, valued at approximately $31,314,441,357.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,307 shares of company stock valued at $54,217,743. 3.70% of the stock is owned by corporate insiders.

MA stock traded up $0.11 on Friday, reaching $276.51. 327,138 shares of the company traded hands, compared to its average volume of 3,071,063. Mastercard Inc has a one year low of $171.89 and a one year high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $276.29 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. The firm has a fifty day simple moving average of $276.96 and a 200-day simple moving average of $255.88.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company earned $1.66 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Inc will post 7.61 EPS 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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