State Treasurer State of Michigan boosted its position in shares of Mattel Inc. (NASDAQ:MAT) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,889 shares of the company’s stock after buying an additional 600 shares during the period. State Treasurer State of Michigan’s holdings in Mattel were worth $3,600,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in Mattel by 28.5% in the second quarter. Alps Advisors Inc. now owns 851,254 shares of the company’s stock valued at $26,636,000 after buying an additional 188,960 shares during the period. Columbus Circle Investors raised its stake in Mattel by 74.4% in the second quarter. Columbus Circle Investors now owns 1,507,299 shares of the company’s stock valued at $47,163,000 after buying an additional 643,050 shares during the period. Shell Asset Management Co. raised its stake in Mattel by 9.9% in the second quarter. Shell Asset Management Co. now owns 340,767 shares of the company’s stock valued at $10,663,000 after buying an additional 30,576 shares during the period. HL Financial Services LLC raised its stake in Mattel by 2.8% in the second quarter. HL Financial Services LLC now owns 1,795,493 shares of the company’s stock valued at $56,181,000 after buying an additional 49,644 shares during the period. Finally, Creative Planning raised its stake in Mattel by 4.2% in the second quarter. Creative Planning now owns 17,100 shares of the company’s stock valued at $535,000 after buying an additional 686 shares during the period. 94.43% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

Shares of Mattel Inc. (NASDAQ:MAT) traded up 0.22% during midday trading on Tuesday, reaching $31.56. The company’s stock had a trading volume of 3,358,799 shares. Mattel Inc. has a 52-week low of $23.85 and a 52-week high of $34.76. The stock has a 50-day moving average price of $31.23 and a 200-day moving average price of $31.89. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 30.17 and a beta of 0.98.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.01. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $940.30 million. Mattel had a net margin of 6.39% and a return on equity of 16.55%. Mattel’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. Equities research analysts anticipate that Mattel Inc. will post $1.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Friday, November 18th. Mattel’s payout ratio is 146.16%.

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MAT has been the topic of several research analyst reports. Vetr raised Mattel from a “sell” rating to a “buy” rating and set a $36.30 price objective on the stock in a research note on Monday, August 15th. Citigroup Inc. raised their price objective on Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Monness Crespi & Hardt raised Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Monday, September 19th. Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, September 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Mattel in a research note on Tuesday, October 4th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Mattel currently has an average rating of “Buy” and a consensus target price of $35.38.

In other news, Director Dominic Ng sold 9,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $30.79, for a total value of $277,110.00. Following the sale, the director now directly owns 14,000 shares in the company, valued at $431,060. The sale was disclosed in a document filed with the SEC, which is available at 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.

5 Day Chart for NASDAQ:MAT

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