Mattel, Inc. (NASDAQ:MAT) Holdings Decreased by Bank of America Corp DE

Bank of America Corp DE reduced its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880,788 shares of the company's stock after selling 385,890 shares during the quarter. Bank of America Corp DE owned 0.26% of Mattel worth $15,616,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAT. Aaron Wealth Advisors LLC increased its stake in Mattel by 18.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,455 shares of the company's stock valued at $239,000 after buying an additional 2,082 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Mattel by 26.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 134,954 shares of the company's stock valued at $2,393,000 after acquiring an additional 28,386 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock valued at $229,000 after acquiring an additional 675 shares during the period. Nisa Investment Advisors LLC raised its holdings in Mattel by 6.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,415 shares of the company's stock worth $486,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Mattel in the fourth quarter worth approximately $538,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 2.5%

MAT traded up $0.48 during trading on Tuesday, reaching $19.49. The company had a trading volume of 3,228,838 shares, compared to its average volume of 3,748,504. The firm's 50-day simple moving average is $17.33 and its 200 day simple moving average is $18.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 12-month low of $13.95 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. During the same period last year, the company posted ($0.05) earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAT has been the topic of several research analyst reports. Citigroup lifted their price target on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. DA Davidson reaffirmed a "buy" rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. The Goldman Sachs Group dropped their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley raised their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.14.

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.