Mattel, Inc. (NASDAQ:MAT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,717 shares of the company’s stock after selling 556 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mattel were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAT. HS Management Partners LLC grew its position in shares of Mattel by 13.4% in the fourth quarter. HS Management Partners LLC now owns 2,399,700 shares of the company’s stock valued at $42,547,000 after purchasing an additional 284,125 shares during the period. Raymond James Financial Inc. acquired a new stake in Mattel in the 4th quarter worth about $660,000. Aigen Investment Management LP acquired a new stake in Mattel in the 4th quarter worth about $758,000. Charles Schwab Investment Management Inc. increased its stake in Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock worth $77,847,000 after buying an additional 127,064 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in shares of Mattel during the fourth quarter valued at approximately $1,081,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MAT shares. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. DA Davidson increased their target price 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 upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Mattel currently has an average rating of “Moderate Buy” and an average target price of $25.57.

Mattel Stock Down 0.5 %

NASDAQ MAT opened at $20.03 on Friday. The business’s fifty day simple moving average is $20.03 and its 200-day simple moving average is $19.25. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.67 billion, a PE ratio of 12.52, a P/E/G ratio of 2.35 and a beta of 0.65. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share 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.