Tower Research Capital LLC TRC raised its position in shares of Mattel Inc. (NASDAQ:MAT) by 268.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,688 shares of the company’s stock after buying an additional 4,144 shares during the period. Tower Research Capital LLC TRC’s holdings in Mattel were worth $178,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Bollard Group LLC boosted its stake in shares of 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 period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Mattel by 130.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,258 shares of the company’s stock worth $133,000 after buying an additional 2,410 shares during the period. IFP Advisors Inc boosted its stake in shares of Mattel by 67.1% in the first quarter. IFP Advisors Inc now owns 5,265 shares of the company’s stock worth $177,000 after buying an additional 2,114 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock worth $174,000 after buying an additional 226 shares during the period. Finally, Gardner Russo & Gardner LLC purchased a new stake in shares of Mattel during the first quarter worth about $223,000. Institutional investors own 95.49% of the company’s stock.
Shares of Mattel Inc. (NASDAQ:MAT) opened at 30.77 on Tuesday. The stock has a 50 day moving average of $32.41 and a 200-day moving average of $32.23. Mattel Inc. has a 12-month low of $21.09 and a 12-month high of $34.76. The firm has a market capitalization of $10.48 billion, a P/E ratio of 30.47 and a beta of 0.99.
Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The company had revenue of $957.30 million for the quarter, compared to analysts’ expectations of $937.85 million. During the same period last year, the business earned $0.01 EPS. Mattel’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that Mattel Inc. will post $1.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Friday, August 19th. Mattel’s dividend payout ratio is currently 149.02%.
Several research firms have weighed in on MAT. 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 report on Monday, August 15th. Citigroup Inc. raised their price objective on shares of Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, August 15th. MKM Partners reaffirmed a “hold” rating and issued a $33.00 target price on shares of Mattel in a research note on Tuesday, July 12th. B. Riley reaffirmed a “buy” rating and issued a $38.00 target price on shares of Mattel in a research note on Thursday, July 21st. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Mattel in a research note on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.07.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of the 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 directly owns 39,348 shares of the company’s stock, valued at approximately $1,320,912.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by corporate 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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