Dimensional Fund Advisors LP Has $118.32 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Dimensional Fund Advisors LP raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,673,295 shares of the company's stock after purchasing an additional 453,390 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.98% of Mattel worth $118,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAT. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 926 shares in the last quarter. West Oak Capital LLC grew its position in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after acquiring an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Mattel during the 4th quarter worth about $51,000. GAMMA Investing LLC raised its holdings in shares of Mattel by 26.6% in the 4th 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 fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAT shares. Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research 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 stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.40.

Mattel Stock Down 0.6 %

MAT opened at $15.68 on Friday. 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 stock has a fifty day moving average of $18.48 and a 200-day moving average of $18.81. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a market capitalization of $5.06 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $0.29 earnings per share. On average, equities analysts expect that Mattel, Inc. will post 1.7 EPS 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.

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