Texas Permanent School Fund Has $2.07 Million Stake in Mattel, Inc. (MAT)
Texas Permanent School Fund decreased its position in Mattel, Inc. (NASDAQ:MAT) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,248 shares of the company’s stock after selling 3,809 shares during the period. Texas Permanent School Fund’s holdings in Mattel were worth $2,072,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division increased its position in shares of 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 in the last quarter. Bollard Group LLC increased its position in shares of 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 in the last quarter. Cleararc Capital Inc. increased its position in shares of Mattel by 0.8% in the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares in the last quarter. Ffcm LLC increased its position in shares of Mattel by 0.9% in the first quarter. Ffcm LLC now owns 13,168 shares of the company’s stock worth $338,000 after buying an additional 116 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in shares of Mattel by 0.6% in the first quarter. Sentry Investment Management LLC now owns 25,692 shares of the company’s stock worth $658,000 after buying an additional 145 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.
Mattel, Inc. (NASDAQ MAT) opened at 17.51 on Friday. Mattel, Inc. has a one year low of $17.46 and a one year high of $34.20. The stock’s 50 day moving average is $20.30 and its 200-day moving average is $23.21. The firm has a market capitalization of $6.00 billion, a PE ratio of 25.12 and a beta of 0.84.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. The business had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. On average, analysts anticipate that Mattel, Inc. will post $0.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 3.43%. Mattel’s payout ratio is 220.29%.
A number of research firms have commented on MAT. UBS AG restated a “buy” rating and issued a $29.00 price target on shares of Mattel in a report on Friday, May 19th. BMO Capital Markets restated a “buy” rating on shares of Mattel in a report on Wednesday, June 7th. B. Riley restated a “buy” rating and issued a $30.50 price target on shares of Mattel in a report on Wednesday, April 26th. DA Davidson cut shares of Mattel from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $24.00 in a report on Thursday, June 15th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $19.00 price target on shares of Mattel in a report on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.53.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the purchase, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is 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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