M&T Bank Corp Purchases 1,815 Shares of Mattel, Inc. (NASDAQ:MAT)

M&T Bank Corp boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 17.7% during the third quarter, HoldingsChannel.com reports. The fund owned 12,078 shares of the company’s stock after purchasing an additional 1,815 shares during the period. M&T Bank Corp’s holdings in Mattel were worth $230,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings 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 valued at $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Mattel during the 3rd quarter worth about $29,000. Blue Trust Inc. lifted its holdings in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Mattel in the third quarter valued at about $34,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Down 1.9 %

MAT opened at $17.81 on Friday. The firm’s fifty day simple moving average is $19.00 and its 200 day simple moving average is $18.49. The stock has a market capitalization of $6.00 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.99 and a beta of 0.76. 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, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during 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%. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. As a group, research analysts anticipate that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America upped their price target 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. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.75.

About Mattel

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.