Global X Management Co. LLC Has $6,299,000 Position in Mattel Inc. (MAT)
Global X Management Co. LLC increased its position in shares of Mattel Inc. (NASDAQ:MAT) by 11.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,013 shares of the company’s stock after buying an additional 21,951 shares during the period. Global X Management Co. LLC owned about 0.06% of Mattel worth $6,299,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Mattel by 23.9% in the second quarter. FMR LLC now owns 17,320,223 shares of the company’s stock valued at $541,949,000 after buying an additional 3,344,171 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Mattel by 2,326.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,600,656 shares of the company’s stock valued at $50,085,000 after buying an additional 1,534,681 shares during the period. 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 valued at $955,908,000 after buying an additional 1,019,897 shares during the period. Analytic Investors LLC acquired a new stake in shares of Mattel during the second quarter valued at about $31,717,000. Finally, Teachers Advisors Inc. increased its stake in Mattel by 21.0% in the second quarter. Teachers Advisors Inc. now owns 5,493,939 shares of the company’s stock worth $171,905,000 after buying an additional 953,956 shares during the last quarter. 94.43% of the stock is currently owned by hedge funds and other institutional investors.
Mattel Inc. (NASDAQ:MAT) traded up 0.41% on Tuesday, hitting $31.62. The stock had a trading volume of 2,189,411 shares. The firm’s 50-day moving average is $31.23 and its 200-day moving average is $31.89. Mattel Inc. has a 52-week low of $23.85 and a 52-week high of $34.76. The company has a market cap of $10.82 billion, a P/E ratio of 30.23 and a beta of 0.98.
Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 19th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $940.30 million. Mattel had a return on equity of 16.55% and a net margin of 6.39%. Mattel’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. Equities research analysts anticipate that Mattel Inc. will post $1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 22nd will be paid 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 yield of 4.82%. Mattel’s dividend payout ratio (DPR) is 146.16%.
MAT has been the topic of a number of research reports. 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 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 on the stock in a research note on Wednesday, September 21st. Argus reaffirmed a “buy” rating and issued 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 on the stock in a research note on Monday, September 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Mattel in a research note on Tuesday, October 4th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.38.
In other Mattel news, Director Dominic Ng sold 9,000 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $30.79, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.88% of the company’s stock.
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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