American National Insurance Co. TX held its position in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 182,570 shares of the company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.05% of Mattel worth $3,931,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Windward Capital Management Co. CA increased its position in shares of Mattel by 41.8% in the second quarter. Windward Capital Management Co. CA now owns 30,138 shares of the company’s stock worth $649,000 after buying an additional 8,882 shares during the last quarter. Concorde Asset Management LLC boosted its stake in Mattel by 4.4% in the second quarter. Concorde Asset Management LLC now owns 11,172 shares of the company’s stock worth $241,000 after buying an additional 470 shares during the period. Boyd Watterson Asset Management LLC OH boosted its stake in Mattel by 1.4% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock worth $408,000 after buying an additional 253 shares during the period. Eqis Capital Management Inc. boosted its stake in Mattel by 3.8% in the second quarter. Eqis Capital Management Inc. now owns 13,672 shares of the company’s stock worth $294,000 after buying an additional 499 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Mattel by 509.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 55,584 shares of the company’s stock worth $1,197,000 after buying an additional 46,462 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mattel, Inc. (NASDAQ:MAT) traded down 1.30% during trading on Friday, hitting $17.51. 4,992,853 shares of the stock traded hands. Mattel, Inc. has a 52 week low of $17.46 and a 52 week high of $34.20. The firm has a market cap of $6.00 billion, a P/E ratio of 25.12 and a beta of 0.84. The company has a 50-day moving average of $20.30 and a 200-day moving average of $23.21.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.05. The firm had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, analysts forecast that Mattel, Inc. will post $0.80 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, August 21st. Mattel’s payout ratio is 220.29%.
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A number of analysts have recently weighed in on MAT shares. B. Riley reaffirmed a “buy” rating and set a $30.50 target price (down previously from $35.00) on shares of Mattel in a research report on Friday, April 21st. Monness Crespi & Hardt lowered their price target on shares of Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price target on shares of Mattel in a report on Sunday, April 23rd. Barclays PLC reissued an “equal weight” rating and issued a $25.00 price target (down previously from $30.00) on shares of Mattel in a report on Sunday, April 23rd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Mattel in a report on Sunday, April 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Mattel currently has a consensus rating of “Hold” and a consensus price target of $26.53.
In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now owns 116,788 shares of the company’s stock, 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 currently owned by insiders.
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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