Empowered Funds LLC Acquires 20,599 Shares of Mattel, Inc. (NASDAQ:MAT)

Empowered Funds LLC raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 411,591 shares of the company’s stock after purchasing an additional 20,599 shares during the period. Empowered Funds LLC owned approximately 0.12% of Mattel worth $7,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MAT. GAMMA Investing LLC boosted its position in shares of Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after buying an additional 775 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. Creative Planning grew its stake in shares of Mattel by 42.8% in the third quarter. Creative Planning now owns 15,026 shares of the company’s stock worth $286,000 after acquiring an additional 4,504 shares during the period. Paragon Capital Management Inc. purchased a new position in shares of Mattel during the third quarter valued at approximately $2,137,000. Finally, Cumberland Advisors Inc. lifted its position in Mattel by 4.3% during the third quarter. Cumberland Advisors Inc. now owns 96,800 shares of the company’s stock valued at $1,844,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of MAT opened at $21.30 on Tuesday. The business has a 50-day simple moving average of $18.61 and a two-hundred day simple moving average of $18.88. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $21.88. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.32 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) 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 period last year, the business posted $0.29 earnings per share. On average, analysts expect that Mattel, Inc. will post 1.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAT. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley increased their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. DA Davidson raised their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mattel 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.