Empowered Funds LLC Boosts Position in Mattel, Inc. (NASDAQ:MAT)

Empowered Funds LLC increased its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 411,591 shares of the company's stock after buying an additional 20,599 shares during the period. Empowered Funds LLC owned 0.12% of Mattel worth $7,298,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAT. State Street Corp lifted its holdings in shares of Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after acquiring an additional 318,125 shares during the period. Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock valued at $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Geode Capital Management LLC increased its position in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock worth $81,222,000 after buying an additional 114,305 shares during the period. 97.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, February 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.57.

Mattel Stock Up 0.1 %

MAT traded up $0.02 during trading on Friday, reaching $21.94. 3,730,781 shares of the stock were exchanged, compared to its average volume of 3,620,666. The stock has a market cap of $7.39 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.07. The stock's 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 prior year, the company earned $0.29 EPS. Equities analysts expect that Mattel, Inc. will post 1.69 EPS 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.