Cumberland Advisors Inc. Sells 2,000 Shares of Mattel, Inc. (NASDAQ:MAT)

Cumberland Advisors Inc. decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,300 shares of the company’s stock after selling 2,000 shares during the period. Cumberland Advisors Inc.’s holdings in Mattel were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Partnership Wealth Management LLC bought a new position in Mattel in the 4th quarter worth $61,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Mattel in the 3rd quarter worth $128,000. International Assets Investment Management LLC boosted its holdings in Mattel by 1,788.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock worth $143,000 after buying an additional 7,152 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in Mattel in the 4th quarter worth $198,000. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the subject of several research reports. Citigroup increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group increased their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Bank of America increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Roth Mkm restated a “neutral” rating and set a $21.00 target price on shares of Mattel in a research report on Wednesday, April 24th. Finally, DA Davidson upped their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Insider Activity at Mattel

In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steve Totzke sold 23,662 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $18.89, for a total transaction of $446,975.18. Following the completion of the sale, the insider now directly owns 152,018 shares of the company’s stock, valued at approximately $2,871,620.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,533 shares of company stock valued at $1,709,321. Corporate insiders own 1.50% of the company’s stock.

Mattel Stock Up 0.2 %

NASDAQ MAT traded up $0.04 on Thursday, hitting $16.27. The stock had a trading volume of 1,450,576 shares, compared to its average volume of 3,164,862. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88. Mattel, Inc. has a 52-week low of $16.08 and a 52-week high of $22.64. The business’s fifty day moving average price is $17.96 and its 200 day moving average price is $18.61.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts anticipate that Mattel, Inc. will post 1.4 earnings per share for the current year.

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.