Mastercard Incorporated (NYSE:MA) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 9,293 shares of the credit services provider’s stock after selling 30 shares during the period. Mastercard makes up 1.7% of Tranquility Partners LLC’s portfolio, making the stock its 14th biggest holding. Tranquility Partners LLC’s holdings in Mastercard were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Highline Wealth Partners LLC purchased a new stake in Mastercard during the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter valued at about $34,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter worth about $39,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $521.63 on Tuesday. The stock has a market capitalization of $478.77 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The business’s fifty day moving average price is $504.78 and its 200 day moving average price is $471.95. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 12-month low of $398.26 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the firm posted $3.39 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Barclays increased their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Macquarie increased their price target on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. Four equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $549.16.

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.