Mattel, Inc. (NASDAQ:MAT) Shares Bought by Eqis Capital Management Inc.
Eqis Capital Management Inc. increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,672 shares of the company’s stock after buying an additional 499 shares during the period. Eqis Capital Management Inc.’s holdings in Mattel were worth $294,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Mattel by 509.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 55,584 shares of the company’s stock valued at $1,197,000 after buying an additional 46,462 shares during the last quarter. Franklin Street Advisors Inc. NC raised its position in shares of Mattel by 32.5% in the second quarter. Franklin Street Advisors Inc. NC now owns 288,126 shares of the company’s stock valued at $6,203,000 after buying an additional 70,709 shares during the last quarter. Creative Planning raised its position in shares of Mattel by 14.3% in the second quarter. Creative Planning now owns 22,023 shares of the company’s stock valued at $474,000 after buying an additional 2,760 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of Mattel by 10.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,179,532 shares of the company’s stock valued at $46,926,000 after buying an additional 206,700 shares during the last quarter. Finally, Pennsylvania Trust Co bought a new position in shares of Mattel during the second quarter valued at approximately $314,000. 93.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Mattel, Inc. (NASDAQ MAT) opened at 20.92 on Thursday. The firm has a market cap of $7.17 billion, a PE ratio of 26.25 and a beta of 0.85. The stock’s 50 day moving average is $21.09 and its 200-day moving average is $24.07. Mattel, Inc. has a 52 week low of $19.41 and a 52 week high of $34.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, August 21st. Mattel’s dividend payout ratio (DPR) is presently 192.41%.
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Several equities analysts recently commented on the stock. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. MKM Partners decreased their price objective on shares of Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 3rd. Stifel Nicolaus decreased their price objective on shares of Mattel from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, June 21st. UBS AG reaffirmed a “buy” rating and issued a $26.00 price objective (down from $29.00) on shares of Mattel in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Mattel in a research report on Monday, June 19th. One 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 issued a strong buy rating to the company’s stock. Mattel has an average rating of “Buy” and a consensus target price of $27.89.
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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