NewSquare Capital LLC Acquires 2,697 Shares of Mattel Inc. (MAT)
NewSquare Capital LLC raised its position in shares of Mattel Inc. (NASDAQ:MAT) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,398 shares of the company’s stock after buying an additional 2,697 shares during the period. NewSquare Capital LLC’s holdings in Mattel were worth $576,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of MAT. Bollard Group LLC increased 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. Checchi Capital Advisers LLC increased 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 worth $174,000 after buying an additional 226 shares during the last quarter. IFP Advisors Inc increased its stake in 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 last quarter. Private Trust Co. NA acquired a new stake in Mattel during the second quarter worth about $209,000. Finally, Fox Run Management L.L.C. acquired a new stake in Mattel during the second quarter worth about $219,000. 95.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Mattel Inc. (NASDAQ:MAT) traded down 0.66% on Tuesday, reaching $31.53. 2,414,575 shares of the company’s stock traded hands. The firm has a market capitalization of $10.74 billion, a P/E ratio of 31.22 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 firm’s 50 day moving average is $33.00 and its 200 day moving average is $32.33.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $957.30 million for the quarter, compared to analyst estimates of $937.85 million. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Analysts expect that Mattel Inc. will post $1.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, August 23rd were issued a $0.38 dividend. The ex-dividend date was Friday, August 19th. This represents a $1.52 dividend on an annualized basis and a yield of 4.82%. Mattel’s payout ratio is currently 149.02%.
MAT has been the topic of a number of recent research reports. Citigroup Inc. upped their price target on shares of Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Vetr raised shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target on the stock in a research note on Monday, August 15th. B. Riley reaffirmed a “buy” rating and set a $38.00 price target on shares of Mattel in a research note on Tuesday, July 26th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, June 21st. Finally, Jefferies Group set a $36.00 price target on shares of Mattel and gave the company a “buy” rating in a research note on Thursday, July 21st. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $35.13.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total transaction of $239,286.96. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by company 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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