Blue Trust Inc. Reduces Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Blue Trust Inc. trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,497 shares of the company’s stock after selling 1,113 shares during the period. Blue Trust Inc.’s holdings in Mattel were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Prospera Private Wealth LLC purchased a new position in shares of Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC lifted its holdings in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Mattel during the third quarter worth about $108,000. Finally, Vinva Investment Management Ltd purchased a new position in shares of Mattel in the third quarter worth about $187,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 1.4 %

Shares of NASDAQ:MAT opened at $21.25 on Thursday. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.35 and a beta of 0.76. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The firm has a fifty day moving average price of $19.23 and a two-hundred day moving average price of $19.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the business earned $0.29 earnings per share. Analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on MAT shares. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson increased their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their price target on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.57.

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.