Private Ocean LLC Has $128,000 Stake in Mastercard Inc (NYSE:MA)

Private Ocean LLC grew its holdings in Mastercard Inc (NYSE:MA) by 32.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 470 shares of the credit services provider’s stock after acquiring an additional 115 shares during the period. Private Ocean LLC’s holdings in Mastercard were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock worth $18,785,021,000 after purchasing an additional 367,442 shares during the last quarter. BlackRock Inc. lifted its holdings in Mastercard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after purchasing an additional 297,230 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Mastercard by 12.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock worth $3,640,576,000 after purchasing an additional 1,548,776 shares during the last quarter. Morgan Stanley lifted its holdings in Mastercard by 4.8% during the 2nd quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after purchasing an additional 640,063 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Mastercard by 0.8% during the 2nd quarter. Northern Trust Corp now owns 11,394,223 shares of the credit services provider’s stock worth $3,014,114,000 after purchasing an additional 91,436 shares during the last quarter. 74.21% of the stock is owned by institutional investors.

In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the purchase, the director now owns 6,031 shares in the company, valued at approximately $1,628,912.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the transaction, the insider now owns 112,030,712 shares in the company, valued at approximately $30,479,075,506.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,080 shares of company stock worth $27,149,356. Corporate insiders own 3.70% of the company’s stock.

Mastercard stock traded up $2.10 during mid-day trading on Friday, reaching $274.89. 2,200,430 shares of the company were exchanged, compared to its average volume of 3,524,577. The company has a fifty day simple moving average of $272.40 and a 200-day simple moving average of $267.53. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $272.92 billion, a PE ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. Mastercard’s payout ratio is 20.34%.

Several research firms recently weighed in on MA. SunTrust Banks lifted their price target on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, September 13th. UBS Group lifted their price target on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets lifted their price target on Mastercard to $348.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Raymond James raised their price objective on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Tigress Financial restated a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $303.45.

About Mastercard

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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