Western Pacific Wealth Management LP Sells 45 Shares of Mastercard Incorporated (NYSE:MA)

Western Pacific Wealth Management LP reduced its position in Mastercard Incorporated (NYSE:MA) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,140 shares of the credit services provider’s stock after selling 45 shares during the quarter. Mastercard comprises about 0.4% of Western Pacific Wealth Management LP’s portfolio, making the stock its 21st largest position. Western Pacific Wealth Management LP’s holdings in Mastercard were worth $563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the second quarter worth $35,000. Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its holdings in shares of Mastercard by 1,166.7% during the 2nd quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Finally, Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $540.17.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.6 %

MA stock opened at $517.88 on Friday. Mastercard Incorporated has a 1-year low of $386.74 and a 1-year high of $527.90. The stock has a market cap of $478.44 billion, a P/E ratio of 39.17, a P/E/G ratio of 2.21 and a beta of 1.10. The stock’s fifty day simple moving average is $498.11 and its two-hundred day simple moving average is $468.02. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.39 earnings per share. Analysts expect that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is 19.97%.

About Mastercard

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.