Chevy Chase Trust Holdings Inc. Has $6.35 Million Position in Mattel, Inc. (NASDAQ:MAT)
Chevy Chase Trust Holdings Inc. cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 295,112 shares of the company’s stock after selling 97 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Mattel were worth $6,354,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in shares of Mattel by 7.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,950 shares of the company’s stock valued at $329,000 after buying an additional 870 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Mattel by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 900,915 shares of the company’s stock valued at $24,819,000 after buying an additional 13,210 shares during the period. Teachers Advisors LLC increased its position in shares of Mattel by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 5,489,017 shares of the company’s stock valued at $151,222,000 after buying an additional 193,043 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Mattel during the fourth quarter valued at $684,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Mattel during the fourth quarter valued at $305,000. Institutional investors own 93.74% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ:MAT) opened at 21.63 on Friday. The company has a 50-day moving average price of $21.27 and a 200 day moving average price of $24.32. The firm has a market capitalization of $7.41 billion, a P/E ratio of 27.14 and a beta of 0.85. Mattel, Inc. has a one year low of $19.41 and a one year high of $34.24.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The business had revenue of $735.60 million for the quarter, compared to the consensus estimate of $797.60 million. Mattel had a net margin of 5.22% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) EPS. Analysts expect that Mattel, Inc. will post $0.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.77%. Mattel’s dividend payout ratio is currently 192.41%.
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Several research analysts have weighed in on MAT shares. Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating in a report on Friday, April 7th. B. Riley restated a “buy” rating and set a $30.50 price objective (down from $35.00) on shares of Mattel in a report on Friday, April 21st. Monness Crespi & Hardt dropped their price objective on Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a report on Friday, April 21st. Stifel Nicolaus restated a “hold” rating and set a $26.00 price objective on shares of Mattel in a report on Sunday, April 23rd. Finally, Barclays PLC restated an “equal weight” rating and set a $25.00 price objective (down from $30.00) on shares of Mattel in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Mattel presently has an average rating of “Buy” and an average price target of $27.89.
In other Mattel news, Director Dean A. Scarborough purchased 47,000 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were acquired at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the acquisition, the director now owns 77,573 shares of the company’s stock, valued at $1,702,727.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is currently 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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