Mattel, Inc. (NASDAQ:MAT) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC cut its position in Mattel, Inc. (NASDAQ:MAT) by 24.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,697 shares of the company’s stock after selling 538 shares during the period. Venturi Wealth Management LLC’s holdings in Mattel were worth $32,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted 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 valued at $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Mattel in the third quarter worth about $29,000. GAMMA Investing LLC grew its holdings in Mattel by 108.5% during the second 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 position in Mattel by 143.2% during the second 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 holdings in Mattel by 71.0% in the second 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. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAT has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group upped their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Price Performance

NASDAQ:MAT opened at $18.67 on Friday. The firm has a market cap of $6.29 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The stock has a 50 day moving average of $19.11 and a two-hundred day moving average of $18.39. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company earned $1.08 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Mattel Company 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.