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

Venturi Wealth Management LLC grew its holdings in Mattel, Inc. (NASDAQ:MAT) by 175.1% during the fourth quarter, HoldingsChannel.com reports. 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 made changes to their positions in the business. Prospera Private Wealth LLC purchased a new stake in shares of Mattel in the third quarter valued at approximately $34,000. West Oak Capital LLC increased its holdings in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares during the period. GAMMA Investing LLC raised its position in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after buying an additional 1,538 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mattel in the 3rd quarter worth $108,000. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Down 3.0 %

NASDAQ:MAT opened at $21.15 on Monday. The company’s 50-day simple moving average is $19.06 and its 200-day simple moving average is $19.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The stock has a market capitalization of $7.13 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 business earned $0.29 earnings per share. On average, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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