Corebridge Financial Inc. Sells 20,713 Shares of Mattel, Inc. (NASDAQ:MAT)

Corebridge Financial Inc. lessened its holdings in Mattel, Inc. (NASDAQ:MAT) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 381,222 shares of the company’s stock after selling 20,713 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Mattel worth $6,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Franklin Resources Inc. increased its holdings in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Mattel in the 4th quarter valued at approximately $53,238,000. Point72 Asset Management L.P. grew its holdings in shares of Mattel by 54.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after purchasing an additional 558,213 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Mattel in the 4th quarter valued at approximately $7,431,000. Finally, Vanguard Group Inc. lifted its stake in Mattel by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock valued at $587,469,000 after purchasing an additional 355,769 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $19.30 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. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The company has a 50 day simple moving average of $20.22 and a two-hundred day simple moving average of $19.29. The company has a market capitalization of $6.23 billion, a PE ratio of 12.06, a P/E/G ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.29 earnings per share. Research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

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

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.