Mizuho Asset Management Co. Ltd. increased its position in Mattel Inc. (NASDAQ:MAT) by 130.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,258 shares of the company’s stock after buying an additional 2,410 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Mattel were worth $133,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in MAT. Prudential Financial Inc. boosted its stake in shares of Mattel by 0.8% in the first quarter. Prudential Financial Inc. now owns 423,128 shares of the company’s stock valued at $14,226,000 after buying an additional 3,270 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Mattel by 22.9% in the first quarter. Teachers Advisors Inc. now owns 4,539,983 shares of the company’s stock valued at $152,634,000 after buying an additional 845,398 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Mattel by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 7,724,179 shares of the company’s stock valued at $259,687,000 after buying an additional 637,191 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Mattel during the first quarter valued at approximately $2,218,000. Finally, Pacad Investment Ltd. boosted its stake in shares of Mattel by 77.1% in the first quarter. Pacad Investment Ltd. now owns 16,116 shares of the company’s stock valued at $542,000 after buying an additional 7,016 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.
Shares of Mattel Inc. (NASDAQ:MAT) traded up 0.272% during midday trading on Tuesday, hitting $31.365. 443,327 shares of the company were exchanged. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 31.054 and a beta of 0.93. Mattel Inc. has a 52-week low of $19.45 and a 52-week high of $34.76. The company has a 50-day moving average price of $32.85 and a 200-day moving average price of $32.29.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The firm earned $957.30 million during the quarter, compared to the consensus estimate of $937.85 million. During the same period last year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts forecast that Mattel Inc. will post $1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, August 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, August 19th. Mattel’s dividend payout ratio (DPR) is currently 149.02%.
MAT has been the subject of several research reports. Vetr upgraded shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 price objective for the company in a research note on Monday, August 15th. Zacks Investment Research upgraded shares of Mattel from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, June 21st. MKM Partners reiterated a “hold” rating and issued a $33.00 target price on shares of Mattel in a research note on Tuesday, July 12th. B. Riley reiterated a “buy” rating and issued a $38.00 target price on shares of Mattel in a research note on Monday, May 30th. Finally, Monness Crespi & Hardt upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, September 19th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.07.
In other Mattel news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total value of $239,286.96. Following the completion of the sale, the executive vice president now owns 39,348 shares of the company’s stock, valued at $1,320,912.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.88% of the stock is 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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