New Potomac Partners LLC Has $2.56 Million Holdings in Mastercard Inc (NYSE:MA)

New Potomac Partners LLC lowered its position in Mastercard Inc (NYSE:MA) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,685 shares of the credit services provider’s stock after selling 690 shares during the period. Mastercard accounts for about 2.6% of New Potomac Partners LLC’s investment portfolio, making the stock its 6th largest holding. New Potomac Partners LLC’s holdings in Mastercard were worth $2,562,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Mastercard during the 4th quarter valued at approximately $1,701,899,000. Thoroughbred Financial Services LLC increased its position in Mastercard by 26,075.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after buying an additional 1,280,570 shares in the last quarter. Millennium Management LLC increased its position in Mastercard by 673.1% during the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after buying an additional 1,219,620 shares in the last quarter. FMR LLC increased its position in Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after buying an additional 720,407 shares in the last quarter. Finally, Investec Asset Management LTD increased its position in Mastercard by 144.3% during the 1st quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after buying an additional 648,434 shares in the last quarter. 74.39% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on MA. Argus raised their price objective on Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. Citigroup set a $317.00 price objective on Mastercard and gave the company a “buy” rating in a research report on Friday, July 19th. Bank of America raised their price objective on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Wells Fargo & Co raised their price objective on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Finally, Nomura raised their price objective on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $287.65.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the transaction, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,921 shares of company stock worth $37,322,422. Company insiders own 3.70% of the company’s stock.

MA traded up $6.17 during trading on Tuesday, hitting $263.01. 2,503,404 shares of the company’s stock traded hands, compared to its average volume of 3,095,866. The business’s 50 day moving average is $271.74. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The firm has a market cap of $275.25 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.08 billion. During the same period last year, the business posted $1.66 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio is 20.34%.

Mastercard Company 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.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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