Massachusetts Financial Services Co. MA Has $101.87 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Massachusetts Financial Services Co. MA cut its stake in Mattel, Inc. (NASDAQ:MAT) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,264,772 shares of the company’s stock after selling 64,009 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.82% of Mattel worth $101,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Capital International Investors increased its position in Mattel by 4.6% during the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after buying an additional 845,368 shares during the last quarter. Ariel Investments LLC increased its position in Mattel by 0.7% during the first quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock worth $308,705,000 after buying an additional 112,786 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after buying an additional 180,855 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mattel by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after buying an additional 716,558 shares during the last quarter. Finally, Norges Bank acquired a new position in Mattel during the fourth quarter worth $71,256,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Up 0.8 %

MAT stock opened at $19.42 on Thursday. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.30. The company has a market cap of $6.68 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. The business’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $18.39. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts anticipate that Mattel, Inc. will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.63.

About Mattel

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.