Mattel, Inc. (NASDAQ:MAT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in Mattel, Inc. (NASDAQ:MAT) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 488,180 shares of the company’s stock after selling 76,058 shares during the quarter. Bank of Montreal Can owned about 0.14% of Mattel worth $9,295,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Mattel by 584.3% in 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 last quarter. V Square Quantitative Management LLC acquired a new position in shares of Mattel in the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel in the third quarter worth about $34,000. 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. Finally, 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. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MAT. JPMorgan Chase & Co. upped their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Bank of America upped their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Finally, StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Hold” and an average target price of $23.75.

Mattel Price Performance

NASDAQ:MAT opened at $19.02 on Monday. The stock has a 50 day moving average of $19.04 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 firm has a market cap of $6.41 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. 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 announced its earnings results 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. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. 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.