Mattel Inc. (MAT) Position Boosted by HL Financial Services LLC
HL Financial Services LLC increased its stake in Mattel Inc. (NASDAQ:MAT) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,795,493 shares of the company’s stock after buying an additional 49,644 shares during the period. Mattel comprises about 1.3% of HL Financial Services LLC’s portfolio, making the stock its 24th largest position. HL Financial Services LLC’s holdings in Mattel were worth $56,181,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MAT. Bollard Group LLC raised its stake in Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock valued at $128,000 after buying an additional 48 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock valued at $174,000 after buying an additional 226 shares in the last quarter. Windward Capital Management Co. CA raised its stake in Mattel by 4.9% in the second quarter. Windward Capital Management Co. CA now owns 7,609 shares of the company’s stock valued at $238,000 after buying an additional 355 shares in the last quarter. North Star Investment Management Corp. raised its stake in Mattel by 2.1% in the first quarter. North Star Investment Management Corp. now owns 21,759 shares of the company’s stock valued at $732,000 after buying an additional 438 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Mattel by 2.2% in the second quarter. Capstone Asset Management Co. now owns 25,581 shares of the company’s stock valued at $800,000 after buying an additional 558 shares in the last quarter. Institutional investors own 95.51% of the company’s stock.
Mattel Inc. (NASDAQ:MAT) traded down 0.66% during mid-day trading on Tuesday, reaching $31.53. 2,414,575 shares of the company were exchanged. Mattel Inc. has a 12 month low of $19.45 and a 12 month high of $34.76. The company has a market cap of $10.74 billion, a P/E ratio of 31.22 and a beta of 0.93. The stock’s 50-day moving average is $33.00 and its 200-day moving average is $32.33.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ 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 business earned $957.30 million during the quarter, compared to analyst estimates of $937.85 million. During the same quarter last year, the company posted $0.01 EPS. Mattel’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts expect that Mattel Inc. will post $1.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 23rd were given a $0.38 dividend. 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 4.82%. Mattel’s dividend payout ratio (DPR) is 149.02%.
Several research firms recently commented on MAT. Monness Crespi & Hardt upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday. Vetr upgraded shares of Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price objective on the stock in a research report on Monday, August 29th. Citigroup Inc. upped their target price on shares of Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, August 15th. B. Riley restated a “buy” rating and issued a $38.00 target price on shares of Mattel in a report on Tuesday, July 26th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Mattel in a report on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.13.
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 transaction, the executive vice president now owns 39,348 shares in the company, valued at approximately $1,320,912.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is 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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