Empowered Funds LLC Has $7.45 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

Empowered Funds LLC cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 390,992 shares of the company’s stock after selling 36,820 shares during the period. Empowered Funds LLC owned 0.12% of Mattel worth $7,448,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MAT. UMB Bank n.a. increased its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in Mattel during the third quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. raised its holdings in Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,097 shares during the period. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Price Performance

Shares of MAT opened at $18.67 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The stock has a market cap of $6.29 billion, a PE ratio of 11.67, a PEG ratio of 0.97 and a beta of 0.78. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59. The business has a 50-day simple moving average of $19.11 and a two-hundred day simple moving average of $18.39.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current fiscal 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.