AE Wealth Management LLC Grows Stake in Mattel, Inc. (MAT)
AE Wealth Management LLC lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 36.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,209 shares of the company’s stock after purchasing an additional 18,349 shares during the period. AE Wealth Management LLC’s holdings in Mattel were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Mattel by 2.0% during the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after purchasing an additional 662,676 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of Mattel by 92.5% during the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.
Several research firms have recently weighed in on MAT. Stifel Nicolaus reduced their price target on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. UBS AG restated a “buy” rating and set a $23.00 price target on shares of Mattel in a report on Saturday, September 16th. Jefferies Group LLC restated a “hold” rating and set a $17.00 price target (down from $19.00) on shares of Mattel in a report on Friday, July 28th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, DA Davidson cut Mattel from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $22.00 to $18.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and an average price target of $21.46.
Shares of Mattel, Inc. (NASDAQ MAT) traded up $0.46 on Monday, reaching $18.68. The company’s stock had a trading volume of 10,395,900 shares, compared to its average volume of 7,999,832. Mattel, Inc. has a 12-month low of $12.71 and a 12-month high of $32.43. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. The firm has a market capitalization of $6,410.00, a price-to-earnings ratio of 124.53, a PEG ratio of 48.03 and a beta of 0.88.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.70 earnings per share. Mattel’s quarterly revenue was down 13.1% compared to the same quarter last year. equities research analysts expect that Mattel, Inc. will post 0.04 EPS for the current fiscal year.
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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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