Bank of New York Mellon Corp Lowers Position in Mattel, Inc. (NASDAQ:MAT)

Bank of New York Mellon Corp cut its stake in Mattel, Inc. (NASDAQ:MAT) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,458,906 shares of the company’s stock after selling 90,241 shares during the period. Bank of New York Mellon Corp owned 0.73% of Mattel worth $43,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc increased its stake in shares of Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after purchasing an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after purchasing an additional 675 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Mattel by 13.8% during the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after purchasing an additional 1,229 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. DA Davidson raised their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.57.

Mattel Trading Up 0.5 %

Shares of MAT stock opened at $20.67 on Friday. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $19.53 and its 200 day moving average is $19.17. The stock has a market capitalization of $6.89 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the previous year, the company earned $0.29 EPS. Research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

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.