Mattel (MAT) : British Airways Pensions Investment Management Ltd reduced its stake in Mattel by 24.39% during the most recent quarter end. The investment management company now holds a total of 558,240 shares of Mattel which is valued at $18,371,678 after selling 180,070 shares in Mattel , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Mattel makes up approximately 0.54% of British Airways Pensions Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in MAT by selling 940 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 173,563 shares of MAT which is valued at $5,711,958. Mattel makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio. Mizuho Securities Usa added MAT to its portfolio by purchasing 163,800 company shares during the most recent quarter which is valued at $5,366,088. Mattel makes up approx 0.98% of Mizuho Securities Usa’s portfolio. Meritage Portfolio Management sold out all of its stake in MAT during the most recent quarter. The investment firm sold 190,975 shares of MAT which is valued $6,256,341.Svenska Handelsbanken Ab (publ) boosted its stake in MAT in the latest quarter, The investment management firm added 156,996 additional shares and now holds a total of 170,628 shares of Mattel which is valued at $5,671,675. Mattel makes up approx 0.34% of Svenska Handelsbanken Ab (publ)’s portfolio. Iowa State Bank added MAT to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $13,048. Mattel makes up approx 0.01% of Iowa State Bank’s portfolio.
Mattel opened for trading at $32.94 and hit $33.439 on the upside on Friday, eventually ending the session at $33.38, with a gain of 1.00% or 0.33 points. The heightened volatility saw the trading volume jump to 24,94,120 shares. Company has a market cap of $11,364 M.
On the company’s financial health, Mattel reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.06. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $936.69 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.
Investors should note that on Jul 20, 2016, Mattel announced a cash dividend of $0.3800. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on Mattel. Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .
MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Companys North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Companys International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer childrens publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.