Turtle Creek Wealth Advisors LLC Invests $5.05 Million in Mastercard Incorporated (NYSE:MA)

Turtle Creek Wealth Advisors LLC bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,207 shares of the credit services provider's stock, valued at approximately $5,047,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at $31,000. 10Elms LLP bought a new position in Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new position in Mastercard during the 1st quarter worth approximately $34,000. Navigoe LLC bought a new position in Mastercard during the 4th quarter worth approximately $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $36,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.3%

MA stock traded down $1.78 during mid-day trading on Thursday, reaching $553.74. The company had a trading volume of 632,099 shares, compared to its average volume of 2,660,707. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market capitalization of $504.85 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The firm has a 50 day moving average of $567.85 and a 200 day moving average of $548.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 EPS. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's payout ratio is 21.32%.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 over the last quarter. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $612.90.

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.