Kentucky Retirement Systems purchased a new position in Mattel Inc. (NASDAQ:MAT) during the second quarter, Holdings Channel reports. The firm purchased 28,951 shares of the company’s stock, valued at approximately $906,000.
Several other hedge funds also recently modified their holdings of MAT. Bollard Group LLC raised its stake in Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock valued at $128,000 after buying an additional 48 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Mattel by 130.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,258 shares of the company’s stock valued at $133,000 after buying an additional 2,410 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock valued at $174,000 after buying an additional 226 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Mattel by 268.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,688 shares of the company’s stock valued at $178,000 after buying an additional 4,144 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in Mattel during the second quarter valued at approximately $206,000. 95.47% of the stock is owned by institutional investors.
Mattel Inc. (NASDAQ:MAT) traded up 1.19% on Friday, reaching $32.40. 1,308,166 shares of the company traded hands. The stock has a market capitalization of $11.08 billion, a PE ratio of 30.98 and a beta of 0.98. Mattel Inc. has a one year low of $23.85 and a one year high of $34.76. The firm has a 50 day moving average of $31.18 and a 200-day moving average of $31.88.
Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ 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%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, analysts anticipate that Mattel Inc. will post $1.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Friday, November 18th. Mattel’s dividend payout ratio is currently 146.16%.
Several research firms recently commented on MAT. B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Mattel in a research note on Wednesday. Vetr lowered shares of Mattel from a “strong-buy” rating to a “buy” rating and set a $36.50 price target on the stock. in a report on Monday, October 24th. Argus restated a “buy” rating and set a $38.00 price target on shares of Mattel in a report on Sunday, October 23rd. Zacks Investment Research lowered shares of Mattel from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Jefferies Group reiterated a “buy” rating and issued a $36.00 price objective on shares of Mattel in a research note on Thursday, October 13th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.38.
In other Mattel news, Director Dominic Ng sold 9,000 shares of the stock in a transaction that occurred 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 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 is available through this link. Also, EVP Geoffrey H. Walker sold 7,128 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total value of $239,286.96. Following the transaction, the executive vice president now 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 owned by insiders.
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.