Mattel, Inc. (MAT) Position Lowered by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX lowered its stake in Mattel, Inc. (NASDAQ:MAT) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,655 shares of the company’s stock after selling 7,932 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Mattel were worth $841,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MAT. Janus Henderson Group PLC increased its position in shares of Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the period. Parnassus Investments CA grew its position in Mattel by 92.5% in the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after acquiring an additional 7,719,364 shares during the last quarter. Bank of New York Mellon Corp grew its position in Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after acquiring an additional 2,253,399 shares during the last quarter. Fairpointe Capital LLC grew its position in Mattel by 24.3% in the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after acquiring an additional 1,560,624 shares during the last quarter. Finally, Capital World Investors grew its position in Mattel by 232.1% in the second quarter. Capital World Investors now owns 1,559,700 shares of the company’s stock valued at $33,580,000 after acquiring an additional 1,090,000 shares during the last quarter.
Shares of Mattel, Inc. (NASDAQ MAT) opened at $15.23 on Friday. Mattel, Inc. has a 12 month low of $12.71 and a 12 month high of $31.60. The company has a market capitalization of $5,210.94, a PE ratio of -8.75, a PEG ratio of 4.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. sell-side analysts anticipate that Mattel, Inc. will post -0.16 EPS for the current fiscal year.
A number of research firms have issued reports on MAT. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Stifel Nicolaus decreased their target price on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. Jefferies Group set a $14.00 target price on Mattel and gave the company a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, DA Davidson decreased their target price on Mattel from $14.00 to $13.00 and set an “underperform” rating on the stock in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.25.
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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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