Mattel, Inc. (NASDAQ:MAT) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 26.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 126,990 shares of the company's stock after purchasing an additional 26,729 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Mattel were worth $2,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after acquiring an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in Mattel by 5.5% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock valued at $229,000 after purchasing an additional 675 shares in the last quarter. Xponance Inc. raised its holdings in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after buying an additional 739 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after buying an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Mattel by 150.1% during 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 during the last quarter. 97.15% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Morgan Stanley lifted their price objective 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. Finally, DA Davidson increased their price target on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Price Performance

NASDAQ MAT traded down $3.29 during trading hours on Thursday, reaching $16.58. The company's stock had a trading volume of 9,847,303 shares, compared to its average volume of 3,869,140. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07. The company's 50-day moving average is $20.32 and its two-hundred day moving average is $19.32. The firm has a market capitalization 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.

Mattel (NASDAQ:MAT - Get Free Report) last released 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 previous year, the company earned $0.29 earnings per share. On average, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

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.