Mattel, Inc. (MAT) Position Increased by Intact Investment Management Inc.
Intact Investment Management Inc. boosted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 14.9% during the fourth quarter, Holdings Channel reports. The firm owned 98,600 shares of the company’s stock after buying an additional 12,800 shares during the period. Intact Investment Management Inc.’s holdings in Mattel were worth $2,716,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Analytic Investors LLC increased its stake in shares of Mattel by 208.4% in the third quarter. Analytic Investors LLC now owns 3,126,319 shares of the company’s stock valued at $94,665,000 after buying an additional 2,112,661 shares during the period. Schroder Investment Management Group increased its stake in shares of Mattel by 95.6% in the third quarter. Schroder Investment Management Group now owns 4,014,075 shares of the company’s stock valued at $121,546,000 after buying an additional 1,961,777 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Mattel by 2,326.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,600,656 shares of the company’s stock valued at $50,085,000 after buying an additional 1,534,681 shares during the period. Bessemer Group Inc. increased its stake in shares of Mattel by 25.1% in the fourth quarter. Bessemer Group Inc. now owns 4,621,275 shares of the company’s stock valued at $127,317,000 after buying an additional 925,764 shares during the period. Finally, Morgan Stanley increased its stake in shares of Mattel by 78.1% in the third quarter. Morgan Stanley now owns 2,055,079 shares of the company’s stock valued at $62,226,000 after buying an additional 901,119 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ:MAT) traded down 1.27% on Thursday, reaching $25.67. 5,088,342 shares of the company were exchanged. The firm has a 50 day moving average price of $28.02 and a 200-day moving average price of $30.59. The stock has a market capitalization of $8.80 billion, a PE ratio of 27.90 and a beta of 0.90. Mattel, Inc. has a 12-month low of $25.17 and a 12-month high of $34.76.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.19. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The firm earned $1.83 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts predict that Mattel, Inc. will post $1.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 16th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Tuesday, February 14th. Mattel’s payout ratio is 167.03%.
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Several brokerages have issued reports on MAT. B. Riley restated a “buy” rating and set a $41.00 price objective on shares of Mattel in a research report on Wednesday, November 9th. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Jefferies Group LLC cut their price objective on shares of Mattel to $32.00 in a research report on Thursday, January 26th. Stifel Nicolaus cut their price objective on shares of Mattel from $34.00 to $26.00 and set a “hold” rating for the company in a research report on Friday, January 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a $40.00 price objective on shares of Mattel in a research report on Thursday, December 15th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.12.
In other Mattel news, Director Dominic Ng sold 9,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at $431,060. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher A. Sinclair bought 9,610 shares of the company’s stock in a transaction on Monday, February 13th. The stock was bought at an average price of $25.97 per share, for a total transaction of $249,571.70. Following the completion of the purchase, the insider now owns 95,594 shares of the company’s stock, valued at $2,482,576.18. The disclosure for this purchase can be found here. Corporate insiders own 0.88% of the company’s stock.
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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