The New Price T Rowe Associates Inc Holding in Mattel Inc
Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Mattel Inc . The form can be accessed here: 000008025516001352. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 9.7% or 33,297,098 shares of the Consumer Discretionary–company.
Mattel Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Mattel Inc Institutional Sentiment
Latest Security and Exchange filings show 445 investors own Mattel Inc . The institutional ownership in Q3 2015 is very high, at 98.76% of the outstanding shares. This is increased by 3937594 the total institutional shares. 337795658 were the shares owned by these institutional investors. In total 47 funds opened new Mattel Inc stakes, 187 increased stakes. There were 56 that closed positions and 152 reduced them.
6 managers had the stock in their top Ten. Notable investors are: Trust Investment Advisors, Kempen Capital Management N.V., Hussman Strategic Advisors Inc…
Trust Investment Advisors is an institutional investor bullish on Mattel Inc , owning 73449 shares as of Q3 2015 for 1.76% of its portfolio. Poplar Forest Capital Llc owns 2128421 shares or 4.17% of its portfolio. IL Aston Asset Management Llc have 1.60% of their stock portfolio for 133560 shares. Further, Kempen Capital Management reported stake worth 2.97% of its US stock portfolio. The IL Fairpointe Capital Llc owns 10799546 shares. Mattel Inc is 3.87% of the manager’s US portfolio.
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. The Mattel Girls & Boys Brands category includes Barbie fashion dolls, Monster High, Disney Classics, Ever After High, Little Mommy, and Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, and CARS, Disney Planes, BOOMco, Toy Story, Max Steel, WWE Wrestling and DC Comics. The Fisher-Price Brands category includes Fisher-Price, Little People, BabyGear, Laugh & Learn, Imaginext, Thomas & Friends, Blaze and The Monster Machines, Shimmer and Shine, Mickey Mouse Clubhouse, Minnie Mouse, Octonauts, and Power Wheels. The Construction and Arts & Crafts Brands category includes MEGA BLOKS, RoseArt and Board Dudes.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Price T Rowe Associates Inc website.
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio turned negative, as 68 funds sold all Mattel, Inc. shares owned while 162 reduced positions. 49 funds bought stakes while 207 increased positions. They now own 317.56 million shares or 0.80% less from 320.13 million shares in 2016Q1.
Raymond James And has 82,828 shares for 0.01% of their US portfolio. The New York-based M&T Savings Bank has invested 0.01% in Mattel, Inc. (NASDAQ:MAT). Exxonmobil Inv Mngmt Tx accumulated 88,125 shares or 0.06% of the stock. Ladenburg Thalmann Services owns 44,205 shares or 0.02% of their US portfolio. Regions Financial Corp accumulated 379,151 shares or 0.15% of the stock. Hourglass Capital Llc, a Texas-based fund reported 204,795 shares. Cypress Management (Wy), a Wyoming-based fund reported 128 shares. Atria Invests Lc owns 18,765 shares or 0.07% of their US portfolio. Benjamin F Edwards reported 187 shares or 0% of all its holdings. Citigroup accumulated 0.01% or 284,791 shares. Moreover, First Tru L P has 0.06% invested in Mattel, Inc. (NASDAQ:MAT) for 599,408 shares. M Holdings Inc holds 0.15% or 9,109 shares in its portfolio. The New Jersey-based Systematic Management Lp has invested 0% in Mattel, Inc. (NASDAQ:MAT). Cubist Systematic Strategies Llc has invested 0.08% of its portfolio in Mattel, Inc. (NASDAQ:MAT). The New York-based New York Life Trust has invested 0.23% in Mattel, Inc. (NASDAQ:MAT).
Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 2 selling transactions for $321,889 net activity. White Loyd Kathy had sold 2,700 shares worth $82,609. Another trade for 7,128 shares valued at $239,280 was made by Walker Geoffrey H on Tuesday, August 30.
The stock decreased 2.23% or $0.7 during the last trading session, hitting $30.69. About 4.87 million shares traded hands or 22.06% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 2.82% since April 8, 2016 and is downtrending. It has underperformed by 8.47% the S&P500.
Mattel, Inc. manufactures and markets a range of toy products around the world. The company has a market cap of $10.61 billion. The Company’s divisions are North America; International and American Girl. It has a 29.46 P/E ratio. The Company’s 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.
Mattel, Inc. (NASDAQ:MAT) Ratings Coverage
Out of 13 analysts covering Mattel Inc. (NASDAQ:MAT), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. $41 is the highest target while $22 is the lowest. The $33.15 average target is 8.02% above today’s ($30.69) stock price. Mattel Inc. has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, July 21 by M Partners. The firm has “Buy” rating by Monness Crespi & Hardt given on Monday, September 19. The company was upgraded on Monday, October 10 by M Partners. The firm earned “Neutral” rating on Tuesday, April 5 by M Partners. Argus Research upgraded the stock to “Buy” rating in Thursday, February 4 report. The rating was initiated by JP Morgan with “Overweight” on Thursday, April 7. The rating was upgraded by BMO Capital Markets on Monday, December 14 to “Outperform”. The company was downgraded on Wednesday, April 6 by Stifel Nicolaus. The stock of Mattel, Inc. (NASDAQ:MAT) has “Neutral” rating given on Friday, August 14 by Piper Jaffray. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Outperform” rating by Oppenheimer on Thursday, August 20.
According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.”
MAT Company Profile
Mattel, Inc., incorporated on March 6, 1968, designs, makes, and markets a range of toy products around the world, which are sold to its clients and directly to consumers. The Company’s divisions are North America, which consists of the United States and Canada; International, and American Girl. The Company’s 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. The North America and International divisions sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.