Trust Investment Advisors Lowers stake in Mattel (MAT)

Mattel (MAT) : Trust Investment Advisors reduced its stake in Mattel by 1.85% during the most recent quarter end. The investment management company now holds a total of 63,565 shares of Mattel which is valued at $2,168,838 after selling 1,200 shares in Mattel , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Mattel makes up approximately 2.41% of Trust Investment Advisors’s portfolio.

Other Hedge Funds, Including , Alpha Omega Wealth Management boosted its stake in MAT in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 83,715 shares of Mattel which is valued at $2,856,356. Mattel makes up approx 2.33% of Alpha Omega Wealth Management’s portfolio.Janney Montgomery Scott boosted its stake in MAT in the latest quarter, The investment management firm added 1,918 additional shares and now holds a total of 21,451 shares of Mattel which is valued at $728,261. Mattel makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in MAT by selling 1,800 shares or 11.0% in the most recent quarter. The Hedge Fund company now holds 14,560 shares of MAT which is valued at $494,312. Mattel makes up approx 0.01% of Dekabank Deutsche Girozentrale’s portfolio.California Public Employees Retirement System reduced its stake in MAT by selling 46,300 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 1,067,553 shares of MAT which is valued at $34,941,010. Mattel makes up approx 0.05% of California Public Employees Retirement System’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in MAT by selling 1,299 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 28,793 shares of MAT which is valued at $947,578. Mattel makes up approx 0.09% of Tokio Marine Asset Management Co Ltd’s portfolio.

Mattel closed down -0.04 points or -0.12% at $34.02 with 20,08,310 shares getting traded on Monday. Post opening the session at $34.02, the shares hit an intraday low of $33.89 and an intraday high of $34.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Company’s 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 Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s 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.

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