Summit Securities Group LLC Takes Position in Mattel, Inc. (MAT)

(NASDAQ:MAT) by 40.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor held 469,500 shares of the consumer non-durables company at the end of 2016Q4, valued at $12.94M, up from 348,300 at the end of the previous reported quarter. Farmers & Merchants Investments Inc.'s holdings in Mattel were worth $1,138,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Mattel during the second quarter valued at $660,000. Schwab Charles Investment Management Inc. now owns 1,759,364 shares of the company's stock valued at $37,880,000 after buying an additional 126,497 shares during the period. Poplar Forest Capital LLC augmented its position by buying 85,835 shares an increase of 6.7% in the quarter. Ffcm LLC now owns 13,168 shares of the company's stock valued at $338,000 after buying an additional 116 shares during the period. Raymond James Tru Na holds 0.02% of its portfolio in Mattel, Inc. DekaBank Deutsche Girozentrale now owns 29,238 shares of the company's stock valued at $776,000 after buying an additional 13,805 shares in the last quarter. Credit Suisse AG boosted its position in shares of Mattel by 165.6% in the first quarter. Comerica Bank now owns 775,112 shares of the company's stock valued at $17,494,000 after buying an additional 82,210 shares in the last quarter. (NASDAQ:MAT). Avalon Advisors Limited Liability Corp has invested 0.59% of its portfolio in Mattel, Inc. Finally, Sentry Investment Management LLC raised its stake in Mattel by 0.6% in the first quarter. (NYSE:DDS). Dimensional Fund Advisors Limited Partnership owns 0.05% invested in Dillard's, Inc.

Shares of Mattel, Inc.

Mattel (MAT) traded down 0.68% during mid-day trading on Friday, reaching $17.62. 4,992,853 shares of the company were exchanged. Latest closing price was 1.23% above its 50-day moving average and -4.22% below its 200-day moving average. Mattel, Inc. has a 52 week low of $17.65 and a 52 week high of $34.20.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio.

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Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The business had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The business's revenue for the quarter was up 1.8% compared to the same quarter a year ago. Analysts expect next quarter's EPS to be $0.60 and the next full year EPS is anticipated to be $1.02. Equities analysts predict that Mattel, Inc. will post $0.80 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Monday, August 21st. Mattel's payout ratio is 220.29%.

ILLEGAL ACTIVITY NOTICE: This report was first published by Stock Observer and is owned by of Stock Observer. Teachers Ins And Annuity Association Of America has 0.24% invested in Mattel, Inc.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark laws. The legal version of this article can be read at DA Davidson cut shares of Mattel from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $22.00 to $18.00 in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Mattel from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 26th. Finally, B. Riley reiterated a "buy" rating and set a $30.50 price objective (down previously from $35.00) on shares of Mattel in a research report on Friday, April 21st. Stifel Nicolaus restated a "hold" rating on shares of Mattel in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. July 31 investment analysts at BMO Capital kept the company rating at "Outperform" but moved down the price target to $25.00 from $33.00.

In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of $19.61 per share, for a total transaction of $248,262.60.

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