Investment Centers of America Inc. decreased its stake in Mattel, Inc. (NASDAQ:MAT) by 65.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,967 shares of the company’s stock after selling 37,417 shares during the period. Investment Centers of America Inc.’s holdings in Mattel were worth $514,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Cigna Investments Inc. New acquired a new stake in Mattel during the fourth quarter worth about $344,000. AQR Capital Management LLC boosted its position in Mattel by 9.5% in the fourth quarter. AQR Capital Management LLC now owns 220,094 shares of the company’s stock valued at $6,064,000 after buying an additional 19,104 shares in the last quarter. Guggenheim Capital LLC boosted its position in Mattel by 21.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,072,505 shares of the company’s stock valued at $29,547,000 after buying an additional 186,424 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Mattel by 23.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 15,647 shares of the company’s stock valued at $431,000 after buying an additional 3,012 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Mattel by 13.7% in the fourth quarter. Franklin Resources Inc. now owns 899,564 shares of the company’s stock valued at $24,783,000 after buying an additional 108,436 shares in the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.
Mattel, Inc. (MAT) traded down 0.0764% during trading on Monday, hitting $20.6642. The company’s stock had a trading volume of 400,873 shares. Mattel, Inc. has a 12 month low of $19.96 and a 12 month high of $34.24. The firm has a market cap of $7.08 billion, a P/E ratio of 25.9275 and a beta of 0.86. The firm has a 50 day moving average of $22.14 and a 200 day moving average of $25.49.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.15. The business had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. Mattel had a return on equity of 13.19% and a net margin of 5.22%. Mattel’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Equities research analysts predict that Mattel, Inc. will post $1.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. Mattel’s dividend payout ratio is currently 192.41%.
MAT has been the subject of several analyst reports. Argus cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Barclays PLC reissued an “equal weight” rating and issued a $25.00 target price (down previously from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Monness Crespi & Hardt reduced their target price on shares of Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 target price on shares of Mattel in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Mattel has an average rating of “Hold” and an average price target of $28.32.
In other Mattel news, Director Dean A. Scarborough acquired 47,000 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were purchased at an average cost of $21.95 per share, for a total transaction of $1,031,650.00. Following the transaction, the director now owns 77,573 shares in the company, valued at $1,702,727.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by company insiders.
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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