Venturi Wealth Management LLC Purchases 2,972 Shares of Mattel, Inc. (NASDAQ:MAT)

Venturi Wealth Management LLC raised its position in Mattel, Inc. (NASDAQ:MAT) by 175.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,669 shares of the company’s stock after acquiring an additional 2,972 shares during the quarter. Venturi Wealth Management LLC’s holdings in Mattel were worth $83,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in shares of Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC lifted its position 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 in the last quarter. GAMMA Investing LLC grew 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 period. Blue Trust Inc. grew its holdings in Mattel by 74.2% during the third quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock valued at $69,000 after purchasing an additional 1,538 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mattel in the third quarter worth about $108,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, DA Davidson lifted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Trading Down 3.0 %

Mattel stock opened at $21.15 on Monday. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The firm’s 50 day moving average price is $19.06 and its 200-day moving average price is $19.06. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The stock has a market cap of $7.13 billion, a P/E ratio of 13.22, a PEG ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the company posted $0.29 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.7 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.