Caisse DE Depot ET Placement DU Quebec lowered its position in Mattel, Inc. (NASDAQ:MAT) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,900 shares of the company’s stock after selling 22,700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mattel were worth $2,536,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Delta Asset Management LLC TN acquired a new position in shares of Mattel during the first quarter worth about $102,000. Bollard Group LLC increased its position in shares of Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock worth $108,000 after buying an additional 62 shares during the last quarter. Amica Retiree Medical Trust acquired a new position in shares of Mattel during the first quarter worth about $121,000. Sowell Financial Services LLC acquired a new position in shares of Mattel during the fourth quarter worth about $134,000. Finally, First Interstate Bank increased its position in shares of Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after buying an additional 4,700 shares during the last quarter. 95.20% of the stock is currently owned by institutional investors and hedge funds.
Mattel, Inc. (NASDAQ:MAT) traded down 1.27% during midday trading on Tuesday, reaching $20.17. 4,194,120 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $22.19 and its 200-day moving average price is $25.56. The company has a market capitalization of $6.91 billion, a PE ratio of 25.31 and a beta of 0.86. Mattel, Inc. has a 1-year low of $20.04 and a 1-year high of $34.24.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The business had revenue of $735.60 million during the quarter, compared to analyst estimates of $797.60 million. Mattel had a net margin of 5.22% and a return on equity of 13.19%. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Equities analysts expect that Mattel, Inc. will post $1.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.94%. Mattel’s dividend payout ratio is presently 192.41%.
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A number of brokerages have recently issued reports on MAT. B. Riley reaffirmed a “buy” rating and set a $35.00 price target on shares of Mattel in a research report on Tuesday, February 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Mattel in a research report on Monday. Barclays PLC reduced their price target on Mattel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Monday, June 12th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $22.00 price target (down from $25.00) on shares of Mattel in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.53.
In other Mattel news, Director Dean A. Scarborough acquired 47,000 shares of the company’s stock in a transaction on Monday, April 24th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $1,031,650.00. Following the completion of the purchase, the director now owns 77,573 shares in the company, valued at approximately $1,702,727.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.88% of the company’s stock.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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