Vanguard Group Inc. Boosts Stake in Mattel, Inc. (NASDAQ:MAT)

Vanguard Group Inc. lifted its holdings in Mattel, Inc. (NASDAQ:MAT) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,397,894 shares of the company’s stock after buying an additional 80,194 shares during the quarter. Vanguard Group Inc. owned 9.74% of Mattel worth $649,432,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont raised its holdings in shares of Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in shares of Mattel in the fourth quarter worth $61,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Mattel in the third quarter worth $128,000. International Assets Investment Management LLC raised its holdings in shares of Mattel by 1,788.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock worth $143,000 after acquiring an additional 7,152 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Mattel in the fourth quarter worth $198,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Bank of America upped their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. DA Davidson upped their target price on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $21.00 target price on shares of Mattel in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.78.

Insider Transactions at Mattel

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steve Totzke sold 23,662 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $18.89, for a total value of $446,975.18. Following the completion of the transaction, the insider now directly owns 152,018 shares of the company’s stock, valued at approximately $2,871,620.02. The disclosure for this sale can be found here. Insiders sold 90,533 shares of company stock valued at $1,709,321 over the last quarter. Company insiders own 1.50% of the company’s stock.

Mattel Price Performance

MAT stock opened at $17.82 on Monday. The stock has a 50-day moving average price of $18.04 and a two-hundred day moving average price of $18.66. Mattel, Inc. has a 12-month low of $16.20 and a 12-month high of $22.64. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.13 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The company had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. The company’s revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Mattel, Inc. will post 1.4 EPS for the current year.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.