Today, 250 Shares of Mattel Inc. (MAT) are sold by Smithfield Trust Co.

Today, 250 Shares of Mattel Inc. (MAT) are sold by Smithfield Trust Co.
Smithfield Trust Co. lowered its stake in shares of Mattel Inc. (NASDAQ:MAT) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,630 shares of the company’s stock after selling 250 shares during the period. Smithfield Trust Co.’s holdings in Mattel were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. AMP Capital Investors Ltd raised its position in Mattel by 2.0% in the first quarter. AMP Capital Investors Ltd now owns 96,329 shares of the company’s stock valued at $3,236,000 after buying an additional 1,900 shares during the period. Babson Capital Management LLC acquired a new position in shares of Mattel during the first quarter worth about $926,000. Royal Bank of Canada raised its position in shares of Mattel by 4.9% in the first quarter. Royal Bank of Canada now owns 741,311 shares of the company’s stock worth $24,923,000 after buying an additional 34,568 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Mattel during the first quarter worth about $1,065,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Mattel by 7.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,961 shares of the company’s stock worth $1,714,000 after buying an additional 3,458 shares during the period. 95.47% of the stock is owned by institutional investors.

Mattel Inc. (NASDAQ:MAT) traded up 1.19% during trading on Friday, reaching $32.40. 1,308,166 shares of the company’s stock traded hands. The firm has a market cap of $11.08 billion, a PE ratio of 30.98 and a beta of 0.98. Mattel Inc. has a 12 month low of $23.85 and a 12 month high of $34.76. The firm has a 50 day moving average price of $31.13 and a 200-day moving average price of $31.87.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.70 earnings per share (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 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 earnings per share. Mattel’s revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Mattel Inc. will post $1.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 22nd will be paid a $0.38 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.52 dividend on an annualized basis and a yield of 4.69%. Mattel’s payout ratio is presently 146.16%.

A number of equities research analysts have weighed in on MAT shares. Citigroup Inc. upped their target price on Mattel from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Vetr upgraded Mattel from a “sell” rating to a “buy” rating and set a $36.30 target price for the company in a research report on Monday, August 15th. Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, September 21st. Monness Crespi & Hardt upgraded Mattel from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Monday, September 19th. Finally, B. Riley restated a “buy” rating and issued a $41.00 target price (up from $38.00) on shares of Mattel in a research report on Thursday, October 20th. Six 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. The stock presently has a consensus rating of “Buy” and an average target price of $35.38.

In other news, Director Dominic Ng sold 9,000 shares of Mattel stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.79, for a total transaction of $277,110.00. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $431,060. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total transaction of $239,286.96. Following the transaction, the executive vice president now directly owns 39,348 shares in the company, valued at $1,320,912.36. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

About Mattel

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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