Mattel, Inc. (NASDAQ:MAT) Position Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 17.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 767,847 shares of the company’s stock after selling 166,439 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mattel were worth $14,627,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Mattel during the third quarter worth about $29,000. Prospera Private Wealth LLC acquired a new stake in Mattel during the third quarter worth about $34,000. GAMMA Investing LLC raised its stake 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 stake in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

NASDAQ MAT opened at $19.36 on Friday. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The firm has a market capitalization of $6.52 billion, a PE ratio of 12.10, a P/E/G ratio of 0.97 and a beta of 0.76. The company’s 50 day simple moving average is $19.07 and its 200 day simple moving average is $18.42.

Mattel (NASDAQ:MAT) last posted 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. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.