Capstone Asset Management Co. cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,386 shares of the company’s stock after selling 1,795 shares during the period. Capstone Asset Management Co.’s holdings in Mattel were worth $525,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of MAT. DekaBank Deutsche Girozentrale boosted its stake in Mattel by 89.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,238 shares of the company’s stock valued at $776,000 after buying an additional 13,805 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Mattel by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,402 shares of the company’s stock valued at $651,000 after buying an additional 5,794 shares during the period. Nationwide Fund Advisors boosted its stake in Mattel by 27.6% in the first quarter. Nationwide Fund Advisors now owns 247,580 shares of the company’s stock valued at $6,341,000 after buying an additional 53,516 shares during the period. Comerica Bank boosted its stake in Mattel by 11.9% in the first quarter. Comerica Bank now owns 775,112 shares of the company’s stock valued at $17,494,000 after buying an additional 82,210 shares during the period. Finally, Anchor Capital Advisors LLC boosted its stake in Mattel by 3.0% in the first quarter. Anchor Capital Advisors LLC now owns 898,784 shares of the company’s stock valued at $23,018,000 after buying an additional 26,078 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.
Mattel, Inc. (MAT) opened at 16.82 on Friday. Mattel, Inc. has a 12 month low of $16.82 and a 12 month high of $33.98. The firm has a 50-day moving average of $19.81 and a 200 day moving average of $22.82. The stock has a market cap of $5.76 billion, a PE ratio of 24.13 and a beta of 0.84.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.05. The firm had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. Mattel’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. Analysts anticipate that Mattel, Inc. will post $0.80 EPS for the current year.
The company also recently announced 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. The ex-dividend date is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. Mattel’s dividend payout ratio (DPR) is presently 220.29%.
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Several analysts have recently weighed in on MAT shares. Argus cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 price objective (down previously from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Monness Crespi & Hardt lowered their price objective 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 reaffirmed a “buy” rating and set a $30.00 price objective on shares of Mattel in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.65.
In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. 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 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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