Oxbow Advisors LLC Cuts Holdings in Mastercard Incorporated (NYSE:MA)

Oxbow Advisors LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,363 shares of the credit services provider’s stock after selling 128 shares during the period. Mastercard comprises about 1.4% of Oxbow Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Oxbow Advisors LLC’s holdings in Mastercard were worth $12,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hoxton Planning & Management LLC raised its holdings in Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP boosted its stake in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC grew its holdings in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC increased its position in shares of Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated 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 in the company, valued at approximately $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $1.24 during trading on Friday, hitting $476.12. 2,116,234 shares of the company’s stock traded hands, compared to its average volume of 2,444,963. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $442.61 billion, a PE ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. The firm’s fifty day moving average price is $456.26 and its 200 day moving average price is $459.59.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MA. Barclays boosted their price target on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. 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. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Compass Point initiated coverage on Mastercard in a research note on Wednesday. They issued a “neutral” rating and a $525.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.88.

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.