Mattel, Inc. (MAT) Plans $0.38 Quarterly Dividend
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 9:55
(NASDAQ:MAT) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,837 shares of the company's stock after buying an additional 3,172 shares during the period. Keybank National Association OH's holdings in Mattel were worth $1,485,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Delta Asset Management LLC TN bought a new position in shares of Mattel during the first quarter worth about $102,000. Bollard Group LLC increased its stake in Mattel by 1.5% in the first quarter.
The volume of the particular stock is the shares bought and sold in a single trading day. Bank of New York Mellon Corp boosted its stake in Mattel by 2.6% in the first quarter.
Shares of Mattel, Inc. (NASDAQ:MAT). The California-based Guinness Atkinson Asset Mngmt has invested 0.15% in Mattel, Inc. The stock had a trading volume of 5,296,283 shares.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -21.86%, and has a poor year to date (YTD) performance of -19.49% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Mattel, Inc. has a 52-week low of $21.55 and a 52-week high of $34.24.
Mattel, Inc. (MAT) has a market capitalization of 7.6 Billion which suggests the company is a huge company further suggesting that the shares of Mattel, Inc.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.17) by $0.15.
Mattel, Inc. (MAT) reported sales (ttm) of 5.32 Billion, whereas, 9 number of analysts estimated the mean sale of 1033.04 million. The firm had revenue of $735.60 million for the quarter, compared to analyst estimates of $797.60 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. Analysts are forecasting Mattel, Inc.to report revenue of about $1.03B, versus the $957.3M posted past year.
Mattel, Inc. has a consensus outperform rating from 13 Wall Street analysts, and the number of shares now sold short amount to at least 6.28% of shares outstanding.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be given a $0.38 dividend. A recommendation of 1 or 2 would represent a consensus Buy. (MAT) Ex-Dividend Date Scheduled for May 17, 2017" published on May 16, 2017, Seekingalpha.com published: "Mattel: "Fundamentally Overvalued" on May 02, 2017. Mattel's dividend payout ratio (DPR) is presently 167.03%.
TRADEMARK VIOLATION NOTICE: "TD Asset Management Inc. (MAT)" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/05/24/keybank-national-association-oh-cuts-stake-in-mattel-inc-mat.html. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. Barclays PLC reduced their target price on Mattel to $30.00 in a report on Thursday, January 26th. DA Davidson reissued a "buy" rating and set a $30.00 price target on shares of Mattel in a research report on Tuesday. Ritter Pharmaceuticals, Inc. has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -81.39% from its high of $3.75 to a $15.94 million market value through last close.
The Stock had a 2 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.89 and 1.83 respectively.
In related news, Director Dean A. Scarborough acquired 47,000 shares of the business's stock in a transaction dated 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. Avalon Advisors Llc sold 113,694 shares as the company's stock declined 15.13% while stock markets rallied. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.