American Century Companies Inc. Sells 334,866 Shares of Mattel, Inc. (NASDAQ:MAT)

American Century Companies Inc. decreased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 29.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 805,920 shares of the company's stock after selling 334,866 shares during the quarter. American Century Companies Inc. owned 0.24% of Mattel worth $14,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its holdings in shares of Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after purchasing an additional 318,125 shares during the period. Franklin Resources Inc. increased its stake in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the period. Geode Capital Management LLC increased its stake in Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock worth $116,896,000 after acquiring an additional 17,309 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock valued at $77,847,000 after acquiring an additional 127,064 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Mattel during the 4th quarter valued at $53,238,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Trading Down 0.8 %

Shares of MAT stock traded down $0.13 during mid-day trading on Friday, reaching $16.45. 10,118,275 shares of the stock traded hands, compared to its average volume of 3,446,951. Mattel, Inc. has a 1-year low of $15.44 and a 1-year high of $22.07. 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 company has a market cap of $5.31 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The stock's fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $19.28.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the firm earned $0.29 EPS. On average, research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MAT. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson upped their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, Morgan Stanley upped their target price on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mattel presently has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel Company 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.