Mattel Inc. (NASDAQ:MAT) Director Dominic Ng sold 9,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the completion of the sale, the director now owns 14,000 shares of the company’s stock, valued at $431,060. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Mattel Inc. (NASDAQ:MAT) traded up 1.52% during midday trading on Tuesday, hitting $31.46. 2,311,534 shares of the company’s stock traded hands. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 30.08 and a beta of 0.98. The company has a 50 day moving average price of $31.05 and a 200 day moving average price of $31.86. Mattel Inc. has a 1-year low of $23.38 and a 1-year high of $34.76.

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. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $940.30 million. During the same quarter last year, the firm posted $0.71 earnings per share. Mattel’s revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Mattel Inc. will post $1.29 earnings per share for the current year.

Insider Buying and Selling by Quarter for Mattel (NASDAQ:MAT)

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $1.52 annualized dividend and a dividend yield of 4.83%. Mattel’s dividend payout ratio (DPR) is currently 146.16%.

Several hedge funds have recently modified their holdings of the stock. NEXT Financial Group Inc raised its stake in shares of Mattel by 413.5% in the third quarter. NEXT Financial Group Inc now owns 3,353 shares of the company’s stock valued at $102,000 after buying an additional 2,700 shares during the period. Bollard Group LLC raised its stake in shares of Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock valued at $128,000 after buying an additional 48 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Mattel by 130.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,258 shares of the company’s stock valued at $133,000 after buying an additional 2,410 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock valued at $174,000 after buying an additional 226 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Mattel by 268.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,688 shares of the company’s stock valued at $178,000 after buying an additional 4,144 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Several brokerages recently issued reports on MAT. MKM Partners upgraded Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, October 10th. B. Riley reiterated a “buy” rating and issued a $41.00 price target on shares of Mattel in a report on Wednesday, November 9th. Vetr upgraded Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price target for the company in a report on Monday, August 29th. Jefferies Group reiterated a “buy” rating and issued a $36.00 price target on shares of Mattel in a report on Thursday, October 13th. Finally, Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, September 21st. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.38.

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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.

5 Day Chart for NASDAQ:MAT

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