Dimensional Fund Advisors LP Has $76.27 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

Dimensional Fund Advisors LP raised its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,039,571 shares of the company's stock after purchasing an additional 716,558 shares during the quarter. Dimensional Fund Advisors LP owned 1.14% of Mattel worth $76,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont increased its holdings in Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company's stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Mattel in the third quarter worth about $52,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Mattel in the third quarter valued at about $128,000. International Assets Investment Management LLC raised its holdings in shares of Mattel by 1,788.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company's stock valued at $143,000 after buying an additional 7,152 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in Mattel during the 4th quarter worth approximately $198,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Roth Mkm restated a "neutral" rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. Bank of America increased their target price on Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group lifted their price target on shares of Mattel from $19.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Mattel presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.78.

Mattel Stock Performance

Shares of MAT traded up $0.05 during trading hours on Friday, reaching $17.58. 3,231,058 shares of the company's stock traded hands, compared to its average volume of 2,763,236. Mattel, Inc. has a twelve month low of $16.20 and a twelve month high of $22.64. The business's fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $18.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.12 and a beta of 0.98.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The company had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period in the prior year, the business posted ($0.24) EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Steve Totzke sold 23,662 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $18.89, for a total transaction of $446,975.18. Following the completion of the sale, the insider now directly owns 152,018 shares of the company's stock, valued at $2,871,620.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Steve Totzke sold 23,662 shares of the business's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $18.89, for a total transaction of $446,975.18. Following the sale, the insider now directly owns 152,018 shares of the company's stock, valued at $2,871,620.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the sale, the executive vice president now directly owns 106,086 shares of the company's stock, valued at $1,997,599.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,533 shares of company stock worth $1,709,321. 1.50% of the stock is owned by corporate insiders.

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.