West Coast Financial LLC Lowers Position in Mastercard Inc (NYSE:MA)

West Coast Financial LLC reduced its position in Mastercard Inc (NYSE:MA) by 15.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,576 shares of the credit services provider’s stock after selling 8,838 shares during the period. Mastercard accounts for about 3.0% of West Coast Financial LLC’s portfolio, making the stock its 5th largest position. West Coast Financial LLC’s holdings in Mastercard were worth $13,192,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MA. Mission Wealth Management LP boosted its stake in Mastercard by 2.6% in the 3rd quarter. Mission Wealth Management LP now owns 2,606 shares of the credit services provider’s stock worth $708,000 after purchasing an additional 65 shares in the last quarter. Advisor Partners LLC boosted its stake in Mastercard by 10.4% in the 3rd quarter. Advisor Partners LLC now owns 27,336 shares of the credit services provider’s stock worth $7,424,000 after purchasing an additional 2,569 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its stake in Mastercard by 5.9% in the 3rd quarter. Osborn Williams & Donohoe LLC now owns 16,763 shares of the credit services provider’s stock worth $4,552,000 after purchasing an additional 930 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Mastercard by 0.8% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 42,324 shares of the credit services provider’s stock worth $11,496,000 after purchasing an additional 326 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its stake in Mastercard by 31.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 408 shares of the credit services provider’s stock worth $111,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

In related news, Director Lance Darrell Gordon Uggla purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $275.71 per share, with a total value of $413,565.00. Following the purchase, the director now owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the sale, the insider now directly owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,243 shares of company stock valued at $34,121,977. Insiders own 3.70% of the company’s stock.

A number of equities analysts have issued reports on MA shares. Raymond James raised their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Deutsche Bank raised their price target on shares of Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Nomura raised their price target on shares of Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Finally, Moffett Nathanson set a $320.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Mastercard currently has an average rating of “Buy” and an average target price of $299.09.

Shares of NYSE:MA traded down $1.14 during trading on Thursday, hitting $277.13. 1,211,884 shares of the stock traded hands, compared to its average volume of 3,247,373. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The company has a market cap of $280.40 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a fifty day moving average price of $276.03 and a two-hundred day moving average price of $263.58. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. On average, equities research analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.

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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