The Xact Kapitalforvaltning AB Maintains Position in Mattel, Inc. (MAT)

The Xact Kapitalforvaltning AB Maintains Position in Mattel, Inc. (MAT)

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Mattel during the fourth quarter valued at about $90,008,000. American Century Companies Inc. increased its stake in Mattel by 100.0% in the first quarter. American Century Companies Inc. now owns 5,198,506 shares of the company’s stock valued at $133,134,000 after buying an additional 2,599,325 shares in the last quarter. Norges Bank purchased a new stake in Mattel during the fourth quarter valued at about $65,976,000. Analytic Investors LLC increased its stake in Mattel by 208.4% in the third quarter. Analytic Investors LLC now owns 3,126,319 shares of the company’s stock valued at $94,665,000 after buying an additional 2,112,661 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Mattel during the first quarter valued at about $32,013,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Xact Kapitalforvaltning AB held its position in Mattel, Inc. (NASDAQ:MAT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,291 shares of the company’s stock at the end of the first quarter. Xact Kapitalforvaltning AB’s holdings in Mattel were worth $981,000 as of its most recent filing with the SEC.

Mattel, Inc. (NASDAQ MAT) opened at 22.56 on Monday. Mattel, Inc. has a 12 month low of $21.55 and a 12 month high of $34.24. The firm’s 50-day moving average price is $22.62 and its 200-day moving average price is $26.37. The firm has a market cap of $7.73 billion, a P/E ratio of 28.31 and a beta of 0.90.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The business had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. During the same period in the previous year, the business posted ($0.14) EPS. Mattel’s revenue was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Mattel, Inc. will post $1.19 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $1.52 annualized dividend and a yield of 6.74%. Mattel’s dividend payout ratio (DPR) is 167.03%.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The business had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. During the same period in the previous year, the business posted ($0.14) EPS. Mattel’s revenue was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Mattel, Inc. will post $1.19 EPS for the current fiscal year. MAT has been the topic of several recent research reports. Monness Crespi & Hardt dropped their price target on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. DA Davidson reissued a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Tuesday, May 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 research note on Sunday, April 23rd. B. Riley reissued a “buy” rating and issued a $30.50 price target on shares of Mattel in a research note on Wednesday, April 26th. Finally, Argus downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel has an average rating of “Buy” and a consensus target price of $30.82.

In other news, Director Dean A. Scarborough acquired 47,000 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was purchased at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the purchase, the director now owns 77,573 shares in the company, valued at approximately $1,702,727.35. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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