Vanguard Group Inc. Purchases 1,019,897 Shares of Mattel Inc. (MAT)
Vanguard Group Inc. boosted its position in Mattel Inc. (NASDAQ:MAT) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,549,988 shares of the company’s stock after buying an additional 1,019,897 shares during the period. Vanguard Group Inc. owned about 8.97% of Mattel worth $955,908,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of MAT. Norges Bank bought a new stake in Mattel during the fourth quarter valued at about $84,280,000. Chevy Chase Trust Holdings Inc. boosted its stake in Mattel by 4.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 287,809 shares of the company’s stock valued at $9,676,000 after buying an additional 12,723 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Mattel by 13.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,607 shares of the company’s stock valued at $2,643,000 after buying an additional 9,428 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Mattel by 8.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 82,783 shares of the company’s stock valued at $2,783,000 after buying an additional 6,720 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Mattel during the first quarter valued at about $1,163,000. Institutional investors and hedge funds own 95.49% of the company’s stock.
Mattel Inc. (NASDAQ:MAT) traded down 0.06% during mid-day trading on Friday, reaching $32.09. 348,712 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $32.96 and its 200 day moving average price is $32.33. Mattel Inc. has a 12 month low of $19.45 and a 12 month high of $34.76. The stock has a market capitalization of $10.93 billion, a PE ratio of 31.77 and a beta of 0.93.
Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, July 20th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business earned $957.30 million during 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%. Mattel’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. Equities research analysts predict that Mattel Inc. will post $1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 23rd were paid a $0.38 dividend. The ex-dividend date was Friday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.73%. Mattel’s payout ratio is 149.02%.
Several equities research analysts recently issued reports on the stock. Vetr raised shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 target price on the stock in a research report on Monday, August 15th. Citigroup Inc. raised their target price on shares of Mattel from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. MKM Partners reissued a “hold” rating and issued a $33.00 target price on shares of Mattel in a research report on Tuesday, July 12th. B. Riley reissued a “buy” rating and issued a $38.00 target price on shares of Mattel in a research report on Thursday, July 21st. Finally, Jefferies Group set a $36.00 target price on shares of Mattel and gave the stock a “buy” rating in a research report on Thursday, July 21st. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Mattel currently has an average rating of “Buy” and an average price target of $35.07.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of the company’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 transaction, the executive vice president now directly owns 39,348 shares in the company, valued at $1,320,912.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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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