The Sumitomo Mitsui Trust Holdings Inc. Has $31,094,000 Position in Mattel Inc. (MAT)

The Sumitomo Mitsui Trust Holdings Inc. Has $31,094,000 Position in Mattel Inc. (MAT)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Mattel Inc. (NASDAQ:MAT) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,026,883 shares of the company’s stock after buying an additional 16,551 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Mattel worth $31,094,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Mattel by 0.7% in the second quarter. Pacer Advisors Inc. now owns 10,374 shares of the company’s stock valued at $325,000 after buying an additional 70 shares in the last quarter. M Holdings Securities Inc. boosted its position in Mattel by 1.0% in the second quarter. M Holdings Securities Inc. now owns 9,109 shares of the company’s stock worth $285,000 after buying an additional 87 shares during the last quarter. Associated Banc Corp boosted its position in Mattel by 0.3% in the second quarter. Associated Banc Corp now owns 61,600 shares of the company’s stock worth $1,927,000 after buying an additional 173 shares during the last quarter. Cornerstone Capital Inc. boosted its position in Mattel by 2.2% in the second quarter. Cornerstone Capital Inc. now owns 8,535 shares of the company’s stock worth $267,000 after buying an additional 180 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Mattel by 2.1% in the second quarter. Loomis Sayles & Co. L P now owns 11,596 shares of the company’s stock worth $363,000 after buying an additional 240 shares during the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.

Mattel Inc. (NASDAQ:MAT) opened at 30.47 on Thursday. Mattel Inc. has a 12 month low of $24.81 and a 12 month high of $34.76. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 29.13 and a beta of 0.95. The stock’s 50 day moving average price is $29.36 and its 200-day moving average price is $31.43.

Several research firms have commented on MAT. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, September 21st. BMO Capital Markets reissued an “outperform” rating and set a $40.00 price target on shares of Mattel in a research report on Tuesday, October 4th. MKM Partners raised shares of Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, October 10th. Jefferies Group reissued a “buy” rating and set a $36.00 price target on shares of Mattel in a research report on Thursday, October 13th. Finally, B. Riley reissued a “buy” rating and set a $41.00 price target (up from $38.00) on shares of Mattel in a research report on Thursday, October 20th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mattel has a consensus rating of “Buy” and a consensus target price of $35.37.

In other Mattel news, Director Dominic Ng sold 9,000 shares of the business’s 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 completion of the sale, the director now 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 through this link. 0.88% of the stock is owned by company insiders.

About Mattel

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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