Dimensional Fund Advisors LP increased its position in shares of Mattel Inc. (NASDAQ:MAT) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,408,385 shares of the company’s stock after buying an additional 49,224 shares during the period. Dimensional Fund Advisors LP owned 0.41% of Mattel worth $44,067,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bollard Group LLC boosted its stake in Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock worth $128,000 after buying an additional 48 shares during the last quarter. River Wealth Advisors LLC boosted its stake in Mattel by 0.9% in the second quarter. River Wealth Advisors LLC now owns 17,720 shares of the company’s stock worth $554,000 after buying an additional 155 shares during the last quarter. World Asset Management Inc boosted its stake in Mattel by 0.5% in the second quarter. World Asset Management Inc now owns 35,445 shares of the company’s stock worth $1,109,000 after buying an additional 190 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Mattel by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,590 shares of the company’s stock worth $242,000 after buying an additional 199 shares during the last quarter. Finally, Commerce Bank boosted its stake in Mattel by 2.1% in the second quarter. Commerce Bank now owns 9,893 shares of the company’s stock worth $310,000 after buying an additional 204 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.
Mattel Inc. (NASDAQ:MAT) opened at 29.98 on Friday. The firm has a market capitalization of $10.21 billion, a PE ratio of 29.68 and a beta of 0.99. The firm’s 50-day moving average price is $31.63 and its 200-day moving average price is $32.10. Mattel Inc. has a 1-year low of $22.63 and a 1-year high of $34.76.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. Mattel had a net margin of 6.17% and a return on equity of 16.23%. The business earned $957.30 million during the quarter, compared to analysts’ expectations of $937.85 million. During the same period last year, the company posted $0.01 EPS. The company’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts predict that Mattel Inc. will post $1.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, August 23rd were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.07%. Mattel’s dividend payout ratio (DPR) is 149.02%.
A number of brokerages have commented on MAT. Citigroup Inc. lifted their price target on Mattel from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target on shares of Mattel in a research report on Tuesday, October 4th. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday. Vetr raised Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target for the company in a research report on Monday, August 15th. Finally, Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.48.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total transaction of $239,286.96. Following the completion of the transaction, the executive vice president now directly owns 39,348 shares of the company’s stock, valued at approximately $1,320,912.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.