State Street Corp Buys 117,584 Shares of Mattel, Inc. (MAT)

State Street Corp raised its position in Mattel, Inc. (NASDAQ:MAT) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,773,530 shares of the company’s stock after buying an additional 117,584 shares during the period. State Street Corp owned 4.31% of Mattel worth $378,355,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Mattel during the fourth quarter valued at about $10,359,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Mattel by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,828 shares of the company’s stock worth $712,000 after buying an additional 1,608 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Mattel by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,608 shares of the company’s stock worth $540,000 after buying an additional 154 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Mattel by 21.6% in the fourth quarter. Baird Financial Group Inc. now owns 19,227 shares of the company’s stock worth $530,000 after buying an additional 3,413 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Mattel during the fourth quarter worth $1,449,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Mattel, Inc. (NASDAQ:MAT) traded up 1.05% during trading on Wednesday, reaching $21.10. 137,573 shares of the company traded hands. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 26.47 and a beta of 0.85. The firm’s 50 day moving average price is $21.82 and its 200 day moving average price is $25.09. Mattel, Inc. has a 12-month low of $19.41 and a 12-month high of $34.24.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The firm had revenue of $735.60 million for the quarter, compared to the consensus estimate of $797.60 million. Mattel had a net margin of 5.22% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Equities research analysts expect that Mattel, Inc. will post $0.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, August 21st. Mattel’s dividend payout ratio (DPR) is presently 192.41%.

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A number of research analysts recently weighed in on the company. MKM Partners dropped their price objective on Mattel from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, July 3rd. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “hold” rating and set a $26.00 price target on shares of Mattel in a research note on Sunday, April 23rd. B. Riley restated a “buy” rating and set a $30.50 price objective (down previously from $35.00) on shares of Mattel in a research note on Friday, April 21st. Finally, Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a report on Friday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Mattel presently has a consensus rating of “Hold” and an average price target of $28.18.

In other Mattel news, Director Dean A. Scarborough purchased 47,000 shares of Mattel stock in a transaction that occurred on Monday, April 24th. The shares were bought at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the completion of the transaction, the director now owns 77,573 shares of the company’s stock, valued at approximately $1,702,727.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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