Oak Harbor Wealth Partners LLC Sells 100 Shares of Mastercard Incorporated (NYSE:MA)

Oak Harbor Wealth Partners LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the credit services provider’s stock after selling 100 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Mastercard were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MA. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $32,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $30,000. FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the last quarter. Finally, First Personal Financial Services purchased a new position in shares of Mastercard in the 3rd quarter worth about $39,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Macquarie upped their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Shares of NYSE:MA opened at $546.98 on Friday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $545.15 and a 200-day moving average price of $520.41. The company has a market capitalization of $498.68 billion, a PE ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its board has approved a stock repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s payout ratio is 21.89%.

Mastercard Profile

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.