Mattel, Inc. (NASDAQ:MAT) Stock Position Lowered by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 29.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 805,920 shares of the company's stock after selling 334,866 shares during the quarter. American Century Companies Inc. owned about 0.24% of Mattel worth $14,289,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MAT. EverSource Wealth Advisors LLC raised its position in Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after purchasing an additional 926 shares during the period. West Oak Capital LLC boosted its holdings in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after acquiring an additional 1,955 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Mattel during the fourth quarter valued at approximately $51,000. GAMMA Investing LLC boosted its stake in shares of Mattel by 26.6% in 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 during the period. Finally, Venturi Wealth Management LLC grew its holdings in Mattel by 175.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after purchasing an additional 2,972 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Mattel Stock Performance

Shares of Mattel stock traded down $3.29 on Thursday, reaching $16.58. 9,847,933 shares of the company were exchanged, compared to its average volume of 3,410,656. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company's 50-day moving average is $20.29 and its two-hundred day moving average is $19.30.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share 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 period last year, the company posted $0.29 earnings per share. As a group, research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.