Empowered Funds LLC Sells 36,820 Shares of Mattel, Inc. (NASDAQ:MAT)

Empowered Funds LLC decreased its stake in Mattel, Inc. (NASDAQ:MAT) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,992 shares of the company’s stock after selling 36,820 shares during the period. Empowered Funds LLC’s holdings in Mattel were worth $7,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors lifted its holdings in Mattel by 4.6% in the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after buying an additional 845,368 shares during the period. Ariel Investments LLC boosted its position in shares of Mattel by 0.7% during the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock valued at $308,705,000 after purchasing an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after purchasing an additional 180,855 shares during the period. Pacer Advisors Inc. increased its holdings in Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after buying an additional 1,479,227 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Performance

Shares of MAT opened at $18.67 on Friday. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The stock has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $18.39. The firm has a market capitalization of $6.29 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.97 and a beta of 0.78.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. Mattel’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. Equities analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAT has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.75.

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.