WESPAC Advisors SoCal LLC Acquires Shares of 17,290 Mastercard Incorporated (NYSE:MA)

WESPAC Advisors SoCal LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,290 shares of the credit services provider’s stock, valued at approximately $5,934,000. Mastercard comprises approximately 1.9% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paragon Wealth Strategies LLC bought a new stake in shares of Mastercard during the second quarter worth $34,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Mastercard during the second quarter worth about $36,000. Capital Directions Investment Advisors LLC grew its stake in shares of Mastercard by 234.4% during the second quarter. Capital Directions Investment Advisors LLC now owns 107 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 75 shares during the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Mastercard during the second quarter worth about $48,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Mastercard by 37.7% during the second quarter. JFS Wealth Advisors LLC now owns 146 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 73.78% of the company’s stock.

MA stock traded up $11.00 during midday trading on Thursday, hitting $340.00. 6,412,650 shares of the stock were exchanged, compared to its average volume of 4,009,877. The stock’s 50-day moving average price is $348.01 and its 200-day moving average price is $359.94. The stock has a market cap of $334.07 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.97 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $312.38 and a fifty-two week high of $401.50. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.33 and a current ratio of 1.33.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 28th. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.18. The firm had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Mastercard had a return on equity of 116.88% and a net margin of 45.50%. Mastercard’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 8.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 9th. Shareholders of record on Friday, October 8th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, October 7th. Mastercard’s payout ratio is 21.65%.

MA has been the subject of a number of analyst reports. Daiwa Capital Markets downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price target for the company. in a report on Thursday, August 12th. Royal Bank of Canada dropped their price target on Mastercard from $412.00 to $403.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. JPMorgan Chase & Co. boosted their price target on Mastercard from $427.00 to $430.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Raymond James dropped their target price on Mastercard from $453.00 to $430.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Finally, UBS Group initiated coverage on Mastercard in a research note on Thursday, November 18th. They issued a “buy” rating and a $448.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $426.57.

In other Mastercard news, CEO Michael Miebach sold 10,670 shares of the business’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $370.00, for a total transaction of $3,947,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 90,994 shares of the business’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $331.84, for a total value of $30,195,448.96. The disclosure for this sale can be found here. Insiders have sold 374,646 shares of company stock valued at $127,575,078 in the last three months. 0.33% of the stock is currently owned by company insiders.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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