Valmark Advisers Inc. Invests $309,000 in Mastercard Inc (NYSE:MA)

Valmark Advisers Inc. purchased a new position in Mastercard Inc (NYSE:MA) during the 3rd quarter, HoldingsChannel reports. The fund purchased 1,136 shares of the credit services provider’s stock, valued at approximately $309,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its stake in Mastercard by 2,608.7% in the second quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock valued at $2,427,641,000 after acquiring an additional 8,838,385 shares during the last quarter. Polen Capital Management LLC increased its stake in Mastercard by 65.9% in the second quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock valued at $1,161,833,000 after acquiring an additional 1,744,262 shares during the last quarter. Invesco Ltd. increased its stake in Mastercard by 50.9% in the second quarter. Invesco Ltd. now owns 5,016,084 shares of the credit services provider’s stock valued at $1,326,906,000 after acquiring an additional 1,691,911 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after acquiring an additional 1,548,776 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after acquiring an additional 1,280,570 shares during the last quarter. 74.13% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MA traded up $0.76 during trading on Friday, hitting $280.39. 1,242,870 shares of the company’s stock traded hands, compared to its average volume of 3,661,471. 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 stock has a fifty day moving average of $272.93 and a two-hundred day moving average of $268.35. The firm has a market cap of $279.60 billion, a P/E ratio of 43.20, a PEG ratio of 2.26 and a beta of 1.04. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. Mastercard’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. As a group, analysts expect that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total value of $789,450.00. Following the completion of the sale, the insider now directly owns 12,778 shares in the company, valued at $3,641,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $261.82, for a total transaction of $1,974,646.44. Following the completion of the sale, the insider now owns 111,969,978 shares of the company’s stock, valued at $29,315,979,639.96. The disclosure for this sale can be found here. Insiders sold 83,190 shares of company stock valued at $22,826,323 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

A number of research firms recently commented on MA. UBS Group increased their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Nomura increased their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine cut Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $315.00 price target on shares of Mastercard and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Argus upped their price target on shares of Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $303.45.

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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