Old Port Advisors lessened its holdings in Mastercard Inc (NYSE:MA) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,878 shares of the credit services provider’s stock after selling 129 shares during the period. Old Port Advisors’ holdings in Mastercard were worth $515,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $26,000. Ellevest Inc. grew its stake in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the period. Evolution Wealth Advisors LLC bought a new position in Mastercard in the 2nd quarter valued at $31,000. Delphi Private Advisors LLC bought a new position in Mastercard in the 2nd quarter valued at $31,000. Finally, Princeton Global Asset Management LLC bought a new position in Mastercard in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

In other Mastercard news, Director Lance Darrell Gordon Uggla purchased 1,500 shares of the stock in a transaction 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 acquisition, the director now directly owns 3,691 shares in the company, valued at approximately $1,017,645.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard K. Davis purchased 1,735 shares of the stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the acquisition, the director now owns 6,031 shares in the company, valued at $1,628,912.79. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 140,143 shares of company stock worth $38,535,340. Insiders own 3.70% of the company’s stock.

A number of research analysts have recently commented on MA shares. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, September 13th. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. Argus upped their price target on Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their price objective on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank increased their price objective on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $299.09.

MA traded up $0.77 during trading on Thursday, reaching $273.01. 383,286 shares of the company were exchanged, compared to its average volume of 4,003,450. The company’s 50-day moving average is $275.97 and its two-hundred day moving average is $262.02. The company has a market cap of $276.15 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 2.26 and a beta of 1.06. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current year.

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