Mattel, Inc. (MAT) Shares Bought by Alps Advisors Inc.
Alps Advisors Inc. increased its position in Mattel, Inc. (NASDAQ:MAT) by 13.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103,974 shares of the company’s stock after buying an additional 257,047 shares during the period. Alps Advisors Inc. owned about 0.61% of Mattel worth $45,299,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Delta Asset Management LLC TN acquired a new stake in Mattel during the first quarter valued at $102,000. Bollard Group LLC raised its stake in Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock valued at $108,000 after buying an additional 62 shares during the last quarter. Amica Retiree Medical Trust acquired a new stake in Mattel during the first quarter valued at $121,000. First Interstate Bank raised its stake in Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after buying an additional 4,700 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in Mattel by 3.2% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 8,310 shares of the company’s stock valued at $213,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.
Mattel, Inc. (NASDAQ MAT) opened at 17.49 on Wednesday. Mattel, Inc. has a one year low of $17.21 and a one year high of $33.98. The firm has a market cap of $5.99 billion, a P/E ratio of 25.09 and a beta of 0.84. The stock’s 50 day moving average is $20.12 and its 200 day moving average is $22.97.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that Mattel, Inc. will post $0.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 3.43%. Mattel’s dividend payout ratio is currently 220.29%.
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Several analysts have weighed in on MAT shares. Barclays PLC reiterated an “equal weight” rating and set a $25.00 target price (down previously from $30.00) on shares of Mattel in a research note on Sunday, April 23rd. Zacks Investment Research lowered shares of Mattel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Monness Crespi & Hardt lowered their target price on shares of Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, April 21st. Argus lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Finally, DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Mattel in a research note on Tuesday, May 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.65.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.88% of the company’s stock.
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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