Mattel Inc. (MAT) Shares Sold by Whittier Trust Co.
Whittier Trust Co. lowered its stake in Mattel Inc. (NASDAQ:MAT) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,023 shares of the company’s stock after selling 1,671 shares during the period. Whittier Trust Co.’s holdings in Mattel were worth $658,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Bollard Group LLC boosted its position 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 last quarter. Checchi Capital Advisers LLC boosted its position 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 last quarter. IFP Advisors Inc boosted its position 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 last quarter. Private Trust Co. NA purchased a new position in shares of Mattel during the second quarter worth $209,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Mattel during the second quarter worth $219,000. Institutional investors and hedge funds own 95.49% of the company’s stock.
Shares of Mattel Inc. (NASDAQ:MAT) traded up 0.85% during trading on Wednesday, reaching $29.69. The company’s stock had a trading volume of 1,314,339 shares. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 29.40 and a beta of 0.99. The company’s 50-day moving average price is $31.84 and its 200 day moving average price is $32.13. Mattel Inc. has a 1-year low of $22.00 and a 1-year high of $34.76.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. The firm earned $957.30 million during the quarter, compared to analysts’ expectations of $937.85 million. Mattel had a net margin of 6.17% and a return on equity of 16.23%. Mattel’s revenue for the quarter 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. Analysts anticipate that Mattel Inc. will post $1.34 EPS for the current year.
The firm also recently disclosed 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 yield of 5.16%. The ex-dividend date of this dividend was Friday, August 19th. Mattel’s dividend payout ratio is presently 149.02%.
A number of research analysts recently weighed in on the company. MKM Partners upgraded Mattel from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price objective on shares of Mattel in a research report on Tuesday, October 4th. Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, September 21st. Monness Crespi & Hardt raised 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, September 19th. Finally, Vetr raised 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. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Mattel has a consensus rating of “Buy” and a consensus target price of $35.48.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were 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 in the company, valued at $1,320,912.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is currently 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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