Alhambra Investment Management LLC Has $196,000 Position in Mattel, Inc. (NASDAQ:MAT)

Alhambra Investment Management LLC cut its holdings in Mattel, Inc. (NASDAQ:MAT) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,032 shares of the company’s stock after selling 1,525 shares during the period. Alhambra Investment Management LLC’s holdings in Mattel were worth $196,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its position in Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares in the last quarter. State Street Corp raised its stake in shares of Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock valued at $200,354,000 after purchasing an additional 318,125 shares in the last quarter. Franklin Resources Inc. lifted its position 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 purchasing an additional 4,270,162 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Mattel by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after buying an additional 27,204 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after buying an additional 17,309 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mattel Price Performance

Mattel stock opened at $17.93 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The firm has a market cap of $6.04 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.88 and a beta of 0.75. The business’s fifty day moving average is $18.51 and its two-hundred day moving average is $18.62. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59.

Mattel (NASDAQ:MAT) last announced 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. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. Equities research analysts forecast 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.