Wesbanco Bank Inc. Has $28.30 Million Position in Mastercard Inc (NYSE:MA)

Wesbanco Bank Inc. lowered its position in Mastercard Inc (NYSE:MA) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,688 shares of the credit services provider’s stock after selling 2,348 shares during the quarter. Mastercard accounts for approximately 1.4% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 11th largest position. Wesbanco Bank Inc.’s holdings in Mastercard were worth $28,296,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Mastercard by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,987 shares of the credit services provider’s stock valued at $1,688,000 after buying an additional 38 shares during the period. Independence Bank of Kentucky increased its stake in shares of Mastercard by 14.0% in the first quarter. Independence Bank of Kentucky now owns 325 shares of the credit services provider’s stock valued at $79,000 after buying an additional 40 shares during the period. Adirondack Trust Co. increased its position in Mastercard by 6.5% during the 1st quarter. Adirondack Trust Co. now owns 659 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 40 shares during the period. Aviance Capital Partners LLC increased its position in Mastercard by 0.7% during the 1st quarter. Aviance Capital Partners LLC now owns 6,160 shares of the credit services provider’s stock valued at $1,488,000 after purchasing an additional 40 shares during the period. Finally, Baldwin Investment Management LLC increased its position in Mastercard by 1.9% during the 1st quarter. Baldwin Investment Management LLC now owns 2,100 shares of the credit services provider’s stock valued at $507,000 after purchasing an additional 40 shares during the period. 73.87% of the stock is owned by institutional investors.

In other news, major shareholder Foundation Mastercard sold 68,670 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $296.75, for a total transaction of $20,377,822.50. Following the completion of the transaction, the insider now directly owns 110,345,834 shares of the company’s stock, valued at approximately $32,745,126,239.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 2,009 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares of the company’s stock, valued at $2,070,029.34. The disclosure for this sale can be found here. Insiders sold a total of 664,384 shares of company stock valued at $199,225,900 over the last ninety days. 3.79% of the stock is currently owned by insiders.

MA has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Mastercard from $286.00 to $311.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wedbush increased their target price on shares of Mastercard from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Barclays decreased their target price on shares of Mastercard from $370.00 to $335.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $269.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Guggenheim cut Mastercard from a “buy” rating to a “neutral” rating in a report on Thursday, April 16th. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $328.07.

MA stock traded up $2.27 during trading on Tuesday, reaching $292.45. The stock had a trading volume of 1,116,954 shares, compared to its average volume of 3,713,675. Mastercard Inc has a one year low of $199.99 and a one year high of $347.25. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. The company’s 50 day moving average is $300.49 and its two-hundred day moving average is $291.25. The company has a market capitalization of $296.79 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 3.57 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Mastercard Inc will post 6.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 8th. Mastercard’s payout ratio is 20.59%.

Mastercard 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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