Tranquility Partners LLC Sells 350 Shares of Mastercard Incorporated $MA

Tranquility Partners LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,542 shares of the credit services provider’s stock after selling 350 shares during the period. Mastercard comprises about 1.7% of Tranquility Partners LLC’s holdings, making the stock its 13th largest holding. Tranquility Partners LLC’s holdings in Mastercard were worth $4,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Mastercard during the first quarter valued at $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.4%

NYSE:MA opened at $556.80 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. The firm has a fifty day simple moving average of $581.01 and a two-hundred day simple moving average of $562.86. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $3.50 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MA shares. Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus target price of $634.04.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

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.