Chartwell Investment Partners LLC raised its position in Mattel, Inc. (NASDAQ:MAT) by 24.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,295 shares of the company’s stock after buying an additional 116,000 shares during the period. Chartwell Investment Partners LLC owned 0.17% of Mattel worth $12,860,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of MAT. DekaBank Deutsche Girozentrale raised its stake in shares of Mattel by 89.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,238 shares of the company’s stock worth $776,000 after buying an additional 13,805 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Mattel by 10.0% in the second quarter. Great West Life Assurance Co. Can now owns 1,406,500 shares of the company’s stock worth $30,236,000 after buying an additional 127,351 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Mattel by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,402 shares of the company’s stock worth $651,000 after buying an additional 5,794 shares during the period. Nationwide Fund Advisors raised its stake in shares of Mattel by 27.6% in the first quarter. Nationwide Fund Advisors now owns 247,580 shares of the company’s stock worth $6,341,000 after buying an additional 53,516 shares during the period. Finally, Comerica Bank raised its stake in shares of Mattel by 11.9% in the first quarter. Comerica Bank now owns 775,112 shares of the company’s stock worth $17,494,000 after buying an additional 82,210 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.
Mattel, Inc. (NASDAQ:MAT) opened at 16.82 on Friday. The company has a 50-day moving average price of $19.81 and a 200-day moving average price of $22.82. Mattel, Inc. has a 12-month low of $16.82 and a 12-month high of $33.98. The firm has a market cap of $5.76 billion, a PE ratio of 24.13 and a beta of 0.84.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.05. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the prior year, the firm posted ($0.02) EPS. Mattel’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Mattel, Inc. will post $0.80 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Monday, August 21st. Mattel’s dividend payout ratio is presently 220.29%.
MAT has been the subject of a number of research analyst reports. Argus lowered Mattel from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 target price (down from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research lowered Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Monness Crespi & Hardt decreased their target price on Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Mattel in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.65.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by insiders.
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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