HM Payson & Co. Decreases Stock Position in Mattel, Inc. (NASDAQ:MAT)

HM Payson & Co. reduced its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 77.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the company's stock after selling 27,096 shares during the quarter. HM Payson & Co.'s holdings in Mattel were worth $152,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MAT. Nisa Investment Advisors LLC grew its holdings in shares of Mattel by 2.8% in the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after purchasing an additional 693 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock worth $752,000 after acquiring an additional 1,160 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mattel during the third quarter valued at approximately $108,000. Brighton Jones LLC purchased a new stake in shares of Mattel in the third quarter valued at approximately $228,000. Finally, Blue Trust Inc. increased its holdings in Mattel by 74.2% during the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company's stock worth $69,000 after purchasing an additional 1,538 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of Mattel stock traded down $0.47 during midday trading on Friday, hitting $19.91. The company had a trading volume of 3,387,960 shares, compared to its average volume of 2,664,788. The company has a quick ratio of 1.88, a current ratio of 2.45 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. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.05 and a beta of 0.78. The company has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $18.33.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm's revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAT has been the subject of several research reports. Bank of America upped their target price on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. DA Davidson reissued a "buy" rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley lifted their price target on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.75.

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.