Mattel Inc. (MAT) Shares Bought by Northwestern Mutual Investment Management Company LLC
Northwestern Mutual Investment Management Company LLC increased its stake in shares of Mattel Inc. (NASDAQ:MAT) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 12,987 shares of the company’s stock after buying an additional 6 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Mattel were worth $406,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. IFP Advisors Inc increased its position in shares of Mattel by 67.1% in the first quarter. IFP Advisors Inc now owns 5,265 shares of the company’s stock valued at $177,000 after buying an additional 2,114 shares during the period. Virginia Retirement System acquired a new position in shares of Mattel during the first quarter valued at $2,142,000. Nisa Investment Advisors L.L.C. increased its position in shares of 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. Aperio Group LLC increased its position in shares of 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, River Wealth Advisors LLC increased its position in shares of Mattel by 9.9% in the first quarter. River Wealth Advisors LLC now owns 17,565 shares of the company’s stock valued at $591,000 after buying an additional 1,580 shares during the period. Institutional investors own 95.49% of the company’s stock.
Mattel Inc. (NASDAQ:MAT) opened at 31.87 on Thursday. Mattel Inc. has a one year low of $19.45 and a one year high of $34.76. The firm has a 50-day moving average price of $32.98 and a 200-day moving average price of $32.33. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 31.55 and a beta of 0.93.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $957.30 million for the quarter, compared to the consensus estimate of $937.85 million. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.01 EPS. On average, equities analysts predict that Mattel Inc. will post $1.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, August 23rd were issued a $0.38 dividend. The ex-dividend date was Friday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.77%. Mattel’s dividend payout ratio (DPR) is 149.02%.
Several brokerages recently weighed in on MAT. Vetr upgraded shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target on the stock in a report on Monday, August 15th. Citigroup Inc. raised their price objective on shares of Mattel from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. MKM Partners reaffirmed a “hold” rating and set a $33.00 price objective on shares of Mattel in a research note on Tuesday, July 12th. B. Riley reaffirmed a “buy” rating and set a $38.00 price objective on shares of Mattel in a research note on Thursday, July 21st. Finally, Jefferies Group set a $36.00 price objective on shares of Mattel and gave the stock a “buy” rating in a research note on Thursday, July 21st. Six research 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $35.07.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total value of $239,286.96. Following the completion of the sale, the executive vice president now owns 39,348 shares in the company, valued at $1,320,912.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is owned by 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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