Charles Schwab Investment Management Inc. Sells 200,354 Shares of Mattel, Inc. (NASDAQ:MAT)

Charles Schwab Investment Management Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,190,321 shares of the company’s stock after selling 200,354 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.30% of Mattel worth $81,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont boosted its position in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares during the last quarter. Fifth Third Bancorp boosted its position in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after purchasing an additional 962 shares during the last quarter. Quarry LP boosted its position in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after purchasing an additional 1,781 shares during the last quarter. UMB Bank n.a. boosted its position in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock worth $60,000 after purchasing an additional 3,068 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Up 1.8%

MAT stock opened at $18.27 on Thursday. The business’s 50-day moving average price is $18.89 and its 200-day moving average price is $18.80. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The stock has a market cap of $5.89 billion, a P/E ratio of 11.79, a PEG ratio of 2.18 and a beta of 0.62.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.19 EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

MAT has been the topic of several research reports. Morgan Stanley raised their target price on Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Roth Capital set a $22.00 price objective on Mattel and gave the company a “neutral” rating in a research report on Friday, July 11th. The Goldman Sachs Group lowered their price objective on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Four 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.38.

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.