Exxonmobil Investment Management Inc. TX lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 13.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,770 shares of the company’s stock after selling 10,275 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Mattel were worth $1,416,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Delta Asset Management LLC TN bought a new stake in shares of Mattel during the first quarter worth $102,000. Bollard Group LLC boosted its stake in shares of Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock worth $108,000 after buying an additional 62 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in shares of Mattel during the first quarter worth $121,000. First Interstate Bank boosted its stake in shares of Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after buying an additional 4,700 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in shares of Mattel by 3.2% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 8,310 shares of the company’s stock worth $213,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.
Mattel, Inc. (NASDAQ:MAT) opened at 21.31 on Friday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 26.74 and a beta of 0.85. Mattel, Inc. has a one year low of $19.41 and a one year high of $34.24. The company has a 50-day moving average price of $21.27 and a 200-day moving average price of $24.32.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. Mattel had a net margin of 5.22% and a return on equity of 13.19%. The firm had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue was down 15.4% on a year-over-year basis. Equities research analysts anticipate that Mattel, Inc. will post $0.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Monday, August 21st. Mattel’s dividend payout ratio (DPR) is currently 192.41%.
A number of analysts have recently weighed in on MAT shares. Barclays PLC reiterated an “equal weight” rating and set a $25.00 price target (down from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research cut Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Monness Crespi & Hardt dropped their price target on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, April 21st. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Tuesday, May 23rd. Finally, Argus cut Mattel from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.03.
In other news, Director Dean A. Scarborough bought 47,000 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was bought at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the completion of the purchase, the director now owns 77,573 shares of the company’s stock, valued at approximately $1,702,727.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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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