Banco Bilbao Vizcaya Argentaria S.A. Trims Holdings in Mattel, Inc. (NASDAQ:MAT)

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 17.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,204 shares of the company’s stock after selling 2,303 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Mattel were worth $197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. grew its holdings in 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 acquiring an additional 4,270,162 shares in the last quarter. GAMMA Investing LLC lifted its position 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 purchasing an additional 744 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Mattel in the fourth quarter worth about $227,000. West Oak Capital LLC increased its holdings in Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after buying an additional 1,955 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in Mattel by 99.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,603 shares of the company’s stock valued at $383,000 after buying an additional 10,783 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

MAT has been the subject of several research reports. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report 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, DA Davidson raised Mattel to a “strong-buy” rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.40.

Mattel Trading Up 0.2 %

Mattel stock opened at $15.75 on Wednesday. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.35 and a beta of 0.51. The firm has a 50-day moving average price of $18.23 and a two-hundred day moving average price of $18.76.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the business posted $0.29 earnings per share. Sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share 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.