UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.15 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,845 shares of the company's stock after selling 26,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Mattel worth $13,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAT. EverSource Wealth Advisors LLC lifted its stake in Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Mattel in the 4th quarter valued at about $51,000. Quarry LP lifted its stake in Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after purchasing an additional 1,781 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock worth $125,000 after buying an additional 6,826 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAT shares. Citigroup raised their price objective 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 price target on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley raised their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Mattel currently has an average rating of "Moderate Buy" and an average target price of $24.14.

Mattel Stock Performance

Shares of MAT traded up $0.22 during midday trading on Tuesday, reaching $18.79. 504,342 shares of the stock were exchanged, compared to its average volume of 3,735,210. The stock's 50 day simple moving average is $17.26 and its 200 day simple moving average is $18.64. The company has a market cap of $6.07 billion, a P/E ratio of 11.74, a PEG ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

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

Mattel Company 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.