Tocqueville Asset Management L.P. decreased its stake in shares of Mattel Inc. (NASDAQ:MAT) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137,841 shares of the company’s stock after selling 115,360 shares during the period. Tocqueville Asset Management L.P.’s holdings in Mattel were worth $35,592,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Bollard Group LLC increased its position in Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock worth $128,000 after buying an additional 48 shares during the period. Checchi Capital Advisers LLC increased its position in Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock worth $174,000 after buying an additional 226 shares during the period. Private Trust Co. NA bought a new position in Mattel during the second quarter worth $209,000. Fox Run Management L.L.C. bought a new position in Mattel during the second quarter worth $219,000. Finally, Gardner Russo & Gardner LLC bought a new position in Mattel during the first quarter worth $223,000. 95.50% of the stock is currently owned by institutional investors.
Mattel Inc. (NASDAQ:MAT) traded up 0.70% on Monday, reaching $30.31. 3,500,821 shares of the company traded hands. Mattel Inc. has a 52-week low of $22.63 and a 52-week high of $34.76. The firm has a market cap of $10.32 billion, a P/E ratio of 30.01 and a beta of 0.99. The stock has a 50-day moving average price of $31.54 and a 200-day moving average price of $32.08.
Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, July 20th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business earned $957.30 million during the quarter, compared to the consensus estimate of $937.85 million. Mattel had a net margin of 6.17% and a return on equity of 16.23%. Mattel’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. Analysts anticipate that Mattel Inc. will post $1.34 earnings per share for the current fiscal year.
MAT has been the topic of a number of research reports. Vetr raised shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target on the stock in a research note on Monday, August 15th. Zacks Investment Research upgraded shares of Mattel from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, June 21st. MKM Partners reiterated a “hold” rating and issued a $33.00 price objective on shares of Mattel in a report on Tuesday, July 12th. Monness Crespi & Hardt upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, September 19th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Mattel in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Mattel presently has a consensus rating of “Buy” and an average price target of $35.48.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total transaction of $239,286.96. Following the completion of the sale, the executive vice president now owns 39,348 shares of the company’s stock, valued at approximately $1,320,912.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.
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.