Today: Today: Chevy Chase Trust Holdings Inc. Sold shares of Mattel Inc. (MAT)

Today: Chevy Chase Trust Holdings Inc. Sold shares of Mattel Inc. (MAT)

Chevy Chase Trust Holdings Inc. reduced its position in shares of Mattel Inc. (NASDAQ:MAT) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 285,147 shares of the company’s stock after selling 6,592 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Mattel were worth $8,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Mattel by 23.9% in the second quarter. FMR LLC now owns 17,320,223 shares of the company’s stock valued at $541,949,000 after buying an additional 3,344,171 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Mattel by 2,326.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,600,656 shares of the company’s stock valued at $50,085,000 after buying an additional 1,534,681 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Mattel by 3.5% in the second quarter. Vanguard Group Inc. now owns 30,549,988 shares of the company’s stock valued at $955,908,000 after buying an additional 1,019,897 shares during the last quarter. Analytic Investors LLC acquired a new position in shares of Mattel during the second quarter valued at about $31,717,000. Finally, Teachers Advisors Inc. increased its position in shares of Mattel by 21.0% in the second quarter. Teachers Advisors Inc. now owns 5,493,939 shares of the company’s stock valued at $171,905,000 after buying an additional 953,956 shares during the last quarter. 94.43% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Inc. (NASDAQ:MAT) traded down 2.81% during trading on Monday, hitting $31.49. 4,701,319 shares of the stock were exchanged. The firm has a market cap of $10.77 billion, a PE ratio of 30.11 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 stock’s 50-day moving average price is $31.18 and its 200-day moving average price is $31.88.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 19th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.01. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $940.30 million. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities analysts expect that Mattel Inc. will post $1.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 18th. This represents a $1.52 annualized dividend and a dividend yield of 4.82%. Mattel’s dividend payout ratio (DPR) is 146.16%.

Several brokerages have issued reports on MAT. B. Riley reissued a “buy” rating and set a $41.00 price objective on shares of Mattel in a research report on Monday. Vetr downgraded shares of Mattel from a “strong-buy” rating to a “buy” rating and set a $36.50 price objective on the stock. in a research report on Monday, October 24th. Argus reissued a “buy” rating and set a $38.00 price objective on shares of Mattel in a research report on Sunday, October 23rd. Zacks Investment Research downgraded shares of Mattel from a “strong-buy” rating to a “hold” rating in a report on Friday, October 21st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Mattel in a report on Thursday, October 13th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.38.

In other news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s 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 transaction, the executive vice president now owns 39,348 shares in the company, valued at approximately $1,320,912.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dominic Ng sold 9,000 shares of the firm’s stock in a transaction dated 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 owns 14,000 shares of the company’s stock, valued at approximately $431,060. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

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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