Eaton Vance Management held its stake in shares of Mattel Inc. (NASDAQ:MAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,334 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Mattel were worth $1,012,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in MAT. Norges Bank purchased a new position in Mattel during the fourth quarter valued at approximately $84,280,000. Acadian Asset Management LLC purchased a new position in Mattel during the first quarter valued at approximately $1,163,000. Boston Advisors LLC boosted its position in Mattel by 151.2% in the first quarter. Boston Advisors LLC now owns 25,916 shares of the company’s stock valued at $871,000 after buying an additional 15,600 shares during the period. Aperio Group LLC boosted its position in Mattel by 11.1% in the first quarter. Aperio Group LLC now owns 187,250 shares of the company’s stock valued at $6,295,000 after buying an additional 18,696 shares during the period. Finally, Nisa Investment Advisors L.L.C. boosted its position in Mattel by 128.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 100,567 shares of the company’s stock valued at $3,381,000 after buying an additional 56,500 shares during the period. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mattel Inc. (NASDAQ:MAT) traded up 0.38% during trading on Tuesday, hitting $31.40. 978,747 shares of the stock were exchanged. The stock has a 50-day moving average of $32.85 and a 200 day moving average of $32.29. The stock has a market cap of $10.70 billion, a P/E ratio of 31.09 and a beta of 0.93. Mattel Inc. has a 12-month low of $19.45 and a 12-month high of $34.76.
Mattel (NASDAQ:MAT) last issued its quarterly 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. Mattel had a net margin of 6.17% and a return on equity of 16.23%. The firm had revenue of $957.30 million for the quarter, compared to analysts’ expectations of $937.85 million. During the same period in the previous year, the business earned $0.01 earnings per share. Mattel’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that Mattel Inc. will post $1.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, August 23rd were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Friday, August 19th. Mattel’s dividend payout ratio (DPR) is presently 149.02%.
MAT has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and set a $38.00 price target on shares of Mattel in a report on Monday, May 30th. Zacks Investment Research upgraded shares of Mattel from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, June 21st. MKM Partners restated a “hold” rating and issued a $33.00 target price on shares of Mattel in a report on Tuesday, July 12th. Jefferies Group set a $36.00 target price on shares of Mattel and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Mattel in a report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.07.
In other Mattel news, EVP Geoffrey H. Walker sold 7,128 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total value of $239,286.96. Following the sale, the executive vice president now directly owns 39,348 shares in the company, valued at $1,320,912.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company 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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