Concorde Asset Management LLC boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,172 shares of the company’s stock after buying an additional 470 shares during the period. Concorde Asset Management LLC’s holdings in Mattel were worth $241,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MAT. Delta Asset Management LLC TN acquired a new position in Mattel during the first quarter valued at approximately $102,000. Bollard Group LLC raised its stake in 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 in the last quarter. Amica Retiree Medical Trust purchased a new stake in Mattel during the first quarter worth about $121,000. First Interstate Bank raised its stake in 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 in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in 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 in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.
Mattel, Inc. (MAT) opened at 17.51 on Friday. The stock has a market cap of $6.00 billion, a PE ratio of 25.12 and a beta of 0.84. The firm’s 50-day moving average price is $20.30 and its 200 day moving average price is $23.21. Mattel, Inc. has a 1-year low of $17.46 and a 1-year high of $34.20.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts expect that Mattel, Inc. will post $0.80 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Monday, August 21st. Mattel’s dividend payout ratio (DPR) is presently 220.29%.
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MAT has been the subject of a number of research analyst reports. Argus downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Barclays PLC reissued an “equal weight” rating and set a $25.00 price target (down previously from $30.00) on shares of Mattel in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Mattel from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Monness Crespi & Hardt reduced their price target on shares of Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a report on Friday, April 21st. Finally, DA Davidson reissued a “buy” rating and set a $30.00 price target on shares of Mattel in a report on Tuesday, May 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.53.
In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the purchase, the chief executive officer now directly owns 116,788 shares in the company, valued at approximately $2,290,212.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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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