Primecap Management Co. CA Sells 1,039,212 Shares of Mattel, Inc. (NASDAQ:MAT)

Primecap Management Co. CA trimmed its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,528,182 shares of the company’s stock after selling 1,039,212 shares during the quarter. Primecap Management Co. CA owned approximately 0.11% of Mattel worth $626,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in Mattel by 6.1% in the 4th quarter. Private Advisor Group LLC now owns 18,666 shares of the company’s stock worth $349,000 after buying an additional 1,067 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Mattel by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after buying an additional 716,558 shares during the period. Panagora Asset Management Inc. lifted its holdings in Mattel by 7.4% in the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after buying an additional 816 shares during the period. Norges Bank purchased a new stake in Mattel in the 4th quarter worth approximately $71,256,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Mattel in the 4th quarter worth approximately $509,000. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAT has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Trading Up 0.1 %

MAT opened at $19.02 on Tuesday. The stock has a market cap of $6.54 billion, a PE ratio of 22.92, a PEG ratio of 1.19 and a beta of 0.80. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average of $18.51 and a 200-day moving average of $18.39. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.30.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities research analysts predict that Mattel, Inc. will post 1.43 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.