American Century Companies Inc. Sells 82,599 Shares of JAKKS Pacific, Inc. $JAKK

Key Points

• American Century Companies Inc. reduced its holdings in JAKKS Pacific, Inc. by 46.2%, now owning approximately 0.86% of the company valued at $2.37 million following the sale of 82,599 shares.
• JAKKS Pacific has a quarterly dividend of $0.25 set to be issued, representing an annualized dividend yield of 5.6% with an ex-dividend date of August 29th.
• Despite a recent downgrade from a "buy" to a "hold" rating by Wall Street analysts, the stock maintains an average rating of "buy" with a target price of $41.00.

American Century Companies Inc. lessened its position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 46.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,116 shares of the company's stock after selling 82,599 shares during the quarter. American Century Companies Inc. owned about 0.86% of JAKKS Pacific worth $2,371,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in JAKKS Pacific by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company's stock worth $15,441,000 after acquiring an additional 55,176 shares during the period. Bastion Asset Management Inc. bought a new position in shares of JAKKS Pacific during the 4th quarter worth about $7,531,000. Bridgeway Capital Management LLC increased its holdings in shares of JAKKS Pacific by 7.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 150,219 shares of the company's stock worth $4,229,000 after purchasing an additional 10,916 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of JAKKS Pacific by 71.5% during the 4th quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock worth $3,114,000 after purchasing an additional 46,102 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of JAKKS Pacific by 8.1% during the 4th quarter. Northern Trust Corp now owns 69,050 shares of the company's stock worth $1,944,000 after purchasing an additional 5,185 shares during the period. Institutional investors own 44.38% of the company's stock.

JAKKS Pacific Trading Up 0.7%

NASDAQ JAKK traded up $0.13 on Thursday, reaching $17.78. The company's stock had a trading volume of 43,006 shares, compared to its average volume of 146,185. The firm has a market cap of $198.19 million, a PE ratio of 5.24 and a beta of 1.37. The business has a 50-day moving average price of $18.66 and a 200 day moving average price of $21.17. JAKKS Pacific, Inc. has a 52 week low of $16.24 and a 52 week high of $35.79.

JAKKS Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.6%. JAKKS Pacific's payout ratio is presently 29.50%.

Analysts Set New Price Targets

JAKK has been the topic of several research reports. Zacks Research upgraded shares of JAKKS Pacific from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Wall Street Zen downgraded shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, JAKKS Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

JAKKS Pacific Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.