Mattel, Inc. (NASDAQ:MAT) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in Mattel, Inc. (NASDAQ:MAT) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,512,081 shares of the company’s stock after selling 1,379,020 shares during the quarter. Primecap Management Co. CA owned about 0.11% of Mattel worth $647,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAT. Citigroup Inc. grew its holdings in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after buying an additional 238,884 shares in the last quarter. FORA Capital LLC purchased a new stake in Mattel in the 3rd quarter valued at $1,003,000. Charles Schwab Investment Management Inc. grew its holdings in Mattel by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after buying an additional 114,305 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after buying an additional 84,626 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Mattel by 53.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after buying an additional 59,845 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of Mattel stock opened at $20.17 on Tuesday. The business has a 50-day moving average of $19.93 and a 200 day moving average of $19.24. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. 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 (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 quarter in the previous year, the business posted $0.29 earnings per share. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

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

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.