Mattel Inc. (NASDAQ:MAT) announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Tuesday, November 22nd will be given a dividend of 0.38 per share on Friday, December 9th. This represents a $1.52 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, November 18th.

Shares of Mattel (NASDAQ:MAT) opened at 32.00 on Thursday. The stock has a 50 day moving average price of $31.01 and a 200 day moving average price of $31.85. Mattel has a 12-month low of $22.92 and a 12-month high of $34.76. The stock has a market capitalization of $10.95 billion, a P/E ratio of 30.59 and a beta of 0.98.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 19th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.01. The firm earned $1.80 billion during the quarter, compared to analysts’ expectations of $940.30 million. Mattel had a return on equity of 16.55% and a net margin of 6.39%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that Mattel will post $1.29 earnings per share for the current fiscal year.

Dividend History for Mattel (NASDAQ:MAT)

Several research analysts have commented on the company. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, October 10th. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Mattel in a research report on Wednesday, November 9th. 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. Jefferies Group reissued a “buy” rating and issued a $36.00 price objective on shares of Mattel in a research report on Thursday, October 13th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.38.

In other news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total transaction of $239,286.96. Following the sale, the executive vice president now owns 39,348 shares of the company’s stock, valued at $1,320,912.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Argent Trust Co boosted its stake in Mattel by 74.4% in the second quarter. Argent Trust Co now owns 11,429 shares of the company’s stock worth $358,000 after buying an additional 4,877 shares during the period. BlackRock Inc. boosted its stake in Mattel by 8.8% in the second quarter. BlackRock Inc. now owns 1,571,793 shares of the company’s stock worth $49,182,000 after buying an additional 126,897 shares during the period. BlackRock Fund Advisors boosted its stake in Mattel by 8.1% in the second quarter. BlackRock Fund Advisors now owns 9,984,611 shares of the company’s stock worth $312,418,000 after buying an additional 746,432 shares during the period. BlackRock Group LTD boosted its stake in Mattel by 6.0% in the second quarter. BlackRock Group LTD now owns 6,123,157 shares of the company’s stock worth $191,593,000 after buying an additional 348,259 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Mattel by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,284,341 shares of the company’s stock worth $290,507,000 after buying an additional 96,138 shares during the period. 95.18% of the stock is currently owned by institutional investors.

About Mattel

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.

5 Day Chart for NASDAQ:MAT

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