Mattel Inc. (NASDAQ:MAT) Director Dominic Ng sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $30.79, for a total value of $277,110.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $431,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Mattel Inc. (NASDAQ:MAT) opened at 32.02 on Friday. The firm’s 50-day moving average price is $31.13 and its 200-day moving average price is $31.87. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 30.61 and a beta of 0.98. Mattel Inc. has a 12 month low of $23.85 and a 12 month high of $34.76.
Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.01. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $940.30 million. During the same period in the previous year, the company earned $0.71 EPS. Mattel’s revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Mattel Inc. will post $1.29 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 22nd will be issued a $0.38 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.52 annualized dividend and a dividend yield of 4.75%. Mattel’s dividend payout ratio is presently 146.16%.
Several large investors have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in Mattel by 28.5% in the second quarter. Alps Advisors Inc. now owns 851,254 shares of the company’s stock valued at $26,636,000 after buying an additional 188,960 shares in the last quarter. Columbus Circle Investors boosted its stake in Mattel by 74.4% in the second quarter. Columbus Circle Investors now owns 1,507,299 shares of the company’s stock valued at $47,163,000 after buying an additional 643,050 shares in the last quarter. Shell Asset Management Co. boosted its stake in Mattel by 9.9% in the second quarter. Shell Asset Management Co. now owns 340,767 shares of the company’s stock valued at $10,663,000 after buying an additional 30,576 shares in the last quarter. HL Financial Services LLC boosted its stake in Mattel by 2.8% in the second quarter. HL Financial Services LLC now owns 1,795,493 shares of the company’s stock valued at $56,181,000 after buying an additional 49,644 shares in the last quarter. Finally, Creative Planning boosted its stake in Mattel by 4.2% in the second quarter. Creative Planning now owns 17,100 shares of the company’s stock valued at $535,000 after buying an additional 686 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.
MAT has been the topic of several recent analyst reports. Citigroup Inc. lifted their target price on Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, August 15th. BMO Capital Markets restated an “outperform” rating and set a $40.00 price target on shares of Mattel in a report on Tuesday, October 4th. 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. Vetr upgraded Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target for the company in a report on Monday, August 15th. Finally, Jefferies Group restated a “buy” rating and set a $36.00 price target on shares of Mattel in a report on Thursday, October 13th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Mattel currently has an average rating of “Buy” and a consensus target price of $35.38.
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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