American Trust Trims Stake in Mattel, Inc. (NASDAQ:MAT)

American Trust lessened its holdings in Mattel, Inc. (NASDAQ:MAT) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,568 shares of the company’s stock after selling 986 shares during the period. American Trust’s holdings in Mattel were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MAT. UMB Bank n.a. increased its holdings in Mattel by 584.3% in the 3rd 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 last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel in the 3rd quarter valued at $29,000. Prospera Private Wealth LLC acquired a new position in Mattel during the 3rd quarter worth about $34,000. Blue Trust Inc. boosted its holdings in Mattel by 143.2% during 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 during the period. Finally, CWM LLC grew its position in Mattel by 71.0% in 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 in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target 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. Jefferies Financial Group increased their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Stock Performance

Shares of MAT stock opened at $18.87 on Friday. The company has a market cap of $6.36 billion, a P/E ratio of 11.79, a PEG ratio of 0.99 and a beta of 0.76. The firm has a fifty day moving average price of $19.07 and a 200 day moving average price of $18.47. 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, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59.

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, topping 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

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.