The Manufacturers Life Insurance Company Has $10.71 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

The Manufacturers Life Insurance Company lessened its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 603,956 shares of the company's stock after selling 22,957 shares during the period. The Manufacturers Life Insurance Company owned 0.18% of Mattel worth $10,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MAT. Vanguard Group Inc. grew its holdings in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares during the period. Franklin Resources Inc. grew its position in Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company's stock valued at $192,255,000 after acquiring an additional 1,491,282 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Mattel by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company's stock valued at $118,318,000 after acquiring an additional 453,390 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock valued at $77,847,000 after purchasing an additional 127,064 shares during the period. Finally, LSV Asset Management increased its holdings in Mattel by 79.5% during the 4th quarter. LSV Asset Management now owns 4,094,465 shares of the company's stock worth $72,595,000 after purchasing an additional 1,813,865 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MAT shares. Citigroup boosted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday. DA Davidson raised Mattel to a "strong-buy" rating in a research note on Monday, April 14th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.14.

Mattel Stock Performance

Shares of Mattel stock traded up $0.78 on Wednesday, reaching $17.43. The stock had a trading volume of 8,259,365 shares, compared to its average volume of 3,660,097. The stock has a market cap of $5.63 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The business's 50-day moving average price is $17.65 and its two-hundred day moving average price is $18.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

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

About Mattel

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.