OppenheimerFunds Inc. lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 37.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 497,847 shares of the company’s stock after selling 295,741 shares during the period. OppenheimerFunds Inc.’s holdings in Mattel were worth $12,749,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in Mattel during the fourth quarter valued at approximately $19,211,000. Credit Agricole S A raised its stake in Mattel by 56.6% in the fourth quarter. Credit Agricole S A now owns 179,756 shares of the company’s stock valued at $4,953,000 after buying an additional 64,946 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Mattel by 1.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,726 shares of the company’s stock valued at $267,000 after buying an additional 140 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Mattel by 1,437.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 579,804 shares of the company’s stock valued at $15,977,000 after buying an additional 542,090 shares in the last quarter. Finally, Aviva PLC raised its stake in Mattel by 6.2% in the fourth quarter. Aviva PLC now owns 221,492 shares of the company’s stock valued at $6,104,000 after buying an additional 13,024 shares in the last quarter. Institutional investors own 95.20% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ MAT) traded down 1.640% on Tuesday, reaching $20.095. 1,624,362 shares of the company were exchanged. The company has a 50-day moving average price of $22.19 and a 200 day moving average price of $25.56. Mattel, Inc. has a 1-year low of $20.08 and a 1-year high of $34.24. The stock has a market capitalization of $6.88 billion, a PE ratio of 25.213 and a beta of 0.86.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. Mattel had a return on equity of 13.19% and a net margin of 5.22%. The firm had revenue of $735.60 million for the quarter, compared to the consensus estimate of $797.60 million. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, analysts forecast that Mattel, Inc. will post $1.10 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, August 21st. Mattel’s payout ratio is 192.41%.
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Several research firms recently commented on MAT. B. Riley restated a “buy” rating and set a $35.00 price target on shares of Mattel in a research report on Tuesday, February 21st. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Monness Crespi & Hardt dropped their price target on shares of Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, April 21st. BMO Capital Markets restated a “buy” rating on shares of Mattel in a research report on Wednesday, June 7th. Finally, Argus downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.53.
In related news, Director Dean A. Scarborough bought 47,000 shares of the business’s stock in a transaction on Monday, April 24th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $1,031,650.00. Following the completion of the purchase, the director now owns 77,573 shares of the company’s stock, valued at approximately $1,702,727.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.
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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