Aperio Group LLC Sells 9,930 Shares of Mattel Inc. (MAT)
Aperio Group LLC cut its stake in Mattel Inc. (NASDAQ:MAT) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,099 shares of the company’s stock after selling 9,930 shares during the period. Aperio Group LLC owned approximately 0.05% of Mattel worth $5,241,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mattel by 3.5% in the second quarter. Vanguard Group Inc. now owns 30,549,988 shares of the company’s stock worth $955,908,000 after buying an additional 1,019,897 shares during the last quarter. FMR LLC increased its stake in Mattel by 23.9% in the second quarter. FMR LLC now owns 17,320,223 shares of the company’s stock worth $541,949,000 after buying an additional 3,344,171 shares in the last quarter. Janus Capital Management LLC increased its stake in Mattel by 2.4% in the second quarter. Janus Capital Management LLC now owns 13,524,795 shares of the company’s stock worth $423,187,000 after buying an additional 316,838 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Mattel by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 10,548,923 shares of the company’s stock worth $330,074,000 after buying an additional 291,707 shares in the last quarter. Finally, BlackRock Fund Advisors increased 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 in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
Shares of Mattel Inc. (NASDAQ:MAT) traded up 0.22% during mid-day trading on Tuesday, hitting $31.56. The stock had a trading volume of 3,356,637 shares. Mattel Inc. has a 52-week low of $23.85 and a 52-week high of $34.76. The stock has a market cap of $10.79 billion, a P/E ratio of 30.17 and a beta of 0.98. The company’s 50 day moving average is $31.23 and its 200-day moving average is $31.89.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing the Zacks’ 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 earned $1.80 billion during the quarter, compared to the consensus estimate of $940.30 million. During the same period in the previous year, the business posted $0.71 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Mattel Inc. will post $1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 22nd will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Friday, November 18th. Mattel’s dividend payout ratio (DPR) is currently 146.16%.
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Several research firms recently issued reports on MAT. Vetr raised Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price objective for the company in a research note on Monday, August 29th. Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, September 21st. Argus reissued a “buy” rating and set a $38.00 price objective on shares of Mattel in a research note on Sunday, October 23rd. Monness Crespi & Hardt raised Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Monday, September 19th. Finally, BMO Capital Markets restated an “outperform” rating and set a $40.00 price target on shares of Mattel in a research report on Tuesday, October 4th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel currently has an average rating of “Buy” and a consensus price target of $35.38.
In related news, Director Dominic Ng sold 9,000 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the sale, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $431,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is currently owned by corporate 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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