Tulsa Wealth Advisors INC Invests $722,000 in Mastercard Incorporated $MA

Tulsa Wealth Advisors INC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,264 shares of the credit services provider’s stock, valued at approximately $722,000.

Several other large investors have also bought and sold shares of MA. NWF Advisory Services Inc. grew its position in shares of Mastercard by 2.9% in the 4th quarter. NWF Advisory Services Inc. now owns 2,707 shares of the credit services provider’s stock valued at $1,545,000 after buying an additional 77 shares during the last quarter. Reflection Asset Management bought a new position in shares of Mastercard during the fourth quarter worth about $583,000. CFO Capital Management LLC bought a new position in shares of Mastercard during the fourth quarter worth about $294,000. Sankala Group LLC acquired a new position in shares of Mastercard in the fourth quarter worth approximately $124,000. Finally, Tobam lifted its stake in shares of Mastercard by 176.0% in the fourth quarter. Tobam now owns 5,082 shares of the credit services provider’s stock worth $2,901,000 after acquiring an additional 3,241 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.2%

Shares of MA stock opened at $490.73 on Friday. The company has a market cap of $433.60 billion, a P/E ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74. The stock has a 50 day simple moving average of $498.76 and a two-hundred day simple moving average of $521.76. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.73 EPS. Research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. BMO Capital Markets assumed coverage on shares of Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price for the company. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Bank of America assumed coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. Finally, Raymond James Financial set a $609.00 target price on shares of Mastercard in a research note on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $656.04.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.