Cambridge Advisors Inc. raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 66.7% during the first quarter, Holdings Channel reports. The fund owned 12,500 shares of the company’s stock after buying an additional 5,000 shares during the period. Cambridge Advisors Inc.’s holdings in Mattel were worth $320,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Moody National Bank Trust Division raised its stake in Mattel by 0.3% in the first quarter. Moody National Bank Trust Division now owns 20,672 shares of the company’s stock worth $529,000 after buying an additional 57 shares during the period. Bollard Group LLC raised its stake in Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock worth $108,000 after buying an additional 62 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Mattel by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,810 shares of the company’s stock worth $539,000 after buying an additional 90 shares during the period. 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 worth $267,000 after buying an additional 140 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in 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 during the period. Institutional investors own 95.98% of the company’s stock.
Mattel, Inc. (NASDAQ:MAT) traded up 0.40% during trading on Thursday, hitting $25.21. 5,640,110 shares of the company traded hands. The stock has a market capitalization of $8.63 billion, a PE ratio of 27.40 and a beta of 0.90. The company’s 50 day moving average is $25.31 and its 200-day moving average is $28.32. Mattel, Inc. has a 52 week low of $24.60 and a 52 week high of $34.24.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.19. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.67 EPS. The company’s revenue was down 8.3% on a year-over-year basis. Analysts predict that Mattel, Inc. will post $1.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.03%. Mattel’s dividend payout ratio (DPR) is 167.03%.
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MAT has been the topic of a number of analyst reports. Jefferies Group LLC decreased their target price on shares of Mattel to $32.00 in a report on Thursday, January 26th. Barclays PLC decreased their target price on shares of Mattel to $30.00 in a report on Thursday, January 26th. Monness Crespi & Hardt decreased their target price on shares of Mattel from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. B. Riley reaffirmed a “buy” rating and set a $35.00 target price (down previously from $41.00) on shares of Mattel in a report on Thursday, January 26th. Finally, Vetr lowered shares of Mattel from a “strong-buy” rating to a “buy” rating and set a $33.95 target price on the stock. in a report on Tuesday, January 17th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.00.
In other news, insider Christopher A. Sinclair acquired 9,610 shares of the business’s stock in a transaction on Monday, February 13th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $249,571.70. Following the completion of the transaction, the insider now directly owns 95,594 shares of the company’s stock, valued at approximately $2,482,576.18. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.88% of the company’s stock.
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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