Alps Advisors Inc. boosted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 13.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,103,974 shares of the company’s stock after buying an additional 257,047 shares during the period. Alps Advisors Inc.’s holdings in Mattel were worth $45,299,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MAT. Delta Asset Management LLC TN bought a new position in shares of Mattel during the first quarter worth about $102,000. Bollard Group LLC boosted 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 period. Amica Retiree Medical Trust bought a new position in shares of Mattel during the first quarter worth about $121,000. First Interstate Bank boosted 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 period. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of Mattel by 3.2% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 8,310 shares of the company’s stock worth $213,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.
Mattel, Inc. (NASDAQ MAT) opened at 17.49 on Wednesday. The company has a market cap of $5.99 billion, a PE ratio of 25.09 and a beta of 0.84. The stock’s 50 day moving average price is $20.12 and its 200 day moving average price is $22.97. Mattel, Inc. has a 12-month low of $17.21 and a 12-month high of $33.98.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.05. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts anticipate that Mattel, Inc. will post $0.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 3.43%. Mattel’s payout ratio is 220.29%.
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MAT has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $30.50 target price (down previously from $35.00) on shares of Mattel in a report on Friday, April 21st. Monness Crespi & Hardt reduced their target price on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Stifel Nicolaus restated a “hold” rating and set a $26.00 target price on shares of Mattel in a report on Sunday, April 23rd. Barclays PLC restated an “equal weight” rating and set a $25.00 target price (down previously from $30.00) on shares of Mattel in a report on Sunday, April 23rd. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Mattel in a report on Sunday, April 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.65.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the transaction, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by corporate insiders.
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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