Mattel, Inc. (NASDAQ:MAT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 25.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 802,169 shares of the company’s stock after selling 271,585 shares during the period. JPMorgan Chase & Co.’s holdings in Mattel were worth $15,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares in the last quarter. State Street Corp lifted its holdings in Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after acquiring an additional 318,125 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Mattel by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after acquiring an additional 17,309 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Price Performance

NASDAQ MAT opened at $18.68 on Friday. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The firm has a market capitalization of $6.29 billion, a PE ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.75. The company’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $18.55.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Bank of America raised their target price on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley lifted their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

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.