Huntington National Bank maintained its stake in Mattel Inc. (NASDAQ:MAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,480 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Mattel were worth $1,154,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Mattel during the first quarter worth approximately $51,966,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Mattel by 3.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 510,142 shares of the company’s stock valued at $17,151,000 after buying an additional 16,000 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Mattel by 9.9% in the second quarter. Shell Asset Management Co. now owns 340,767 shares of the company’s stock valued at $10,663,000 after buying an additional 30,576 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mattel by 3.1% in the first quarter. Geode Capital Management LLC now owns 2,914,904 shares of the company’s stock valued at $97,809,000 after buying an additional 88,264 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Mattel by 4.2% in the second quarter. Creative Planning now owns 17,100 shares of the company’s stock valued at $535,000 after buying an additional 686 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.
Shares of Mattel Inc. (NASDAQ:MAT) traded down 0.44% during midday trading on Friday, hitting $31.97. 3,284,133 shares of the company’s stock traded hands. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 31.65 and a beta of 0.93. The company has a 50 day moving average price of $32.93 and a 200 day moving average price of $32.32. Mattel Inc. has a 1-year low of $19.45 and a 1-year high of $34.76.
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 firm had revenue of $957.30 million for 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%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Equities analysts anticipate that Mattel Inc. will post $1.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 23rd were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.52 annualized dividend and a yield of 4.75%. Mattel’s dividend payout ratio (DPR) is presently 149.02%.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Mattel from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Vetr upgraded Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price target for the company in a report on Monday, August 29th. B. Riley reiterated a “buy” rating and issued a $38.00 price target on shares of Mattel in a report on Tuesday, July 26th. Citigroup Inc. increased their price target on Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Jefferies Group set a $36.00 price target on Mattel and gave the company a “buy” rating in a report on Thursday, July 21st. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.07.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction on Tuesday, August 30th. The shares were 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 approximately $1,320,912.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is currently owned by corporate 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.
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