Northwestern Mutual Wealth Management Co. Sells 1,977 Shares of Mattel, Inc. (NASDAQ:MAT)

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,244 shares of the company’s stock after selling 1,977 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mattel were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kapitalo Investimentos Ltda lifted its stake in Mattel by 89.8% during the 4th quarter. Kapitalo Investimentos Ltda now owns 15,190 shares of the company’s stock valued at $287,000 after acquiring an additional 7,186 shares in the last quarter. Thompson Investment Management Inc. grew its position in Mattel by 8.8% in the 1st quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after purchasing an additional 1,200 shares in the last quarter. State of Michigan Retirement System increased its stake in Mattel by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock valued at $1,718,000 after buying an additional 2,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Mattel by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,329,963 shares of the company’s stock worth $26,347,000 after buying an additional 33,153 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Mattel by 181.0% in the 1st quarter. Van ECK Associates Corp now owns 220,845 shares of the company’s stock worth $4,375,000 after buying an additional 142,266 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research analyst reports. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. DA Davidson reiterated a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and an average price target of $22.63.

Mattel Price Performance

NASDAQ MAT opened at $19.22 on Friday. The company has a market cap of $6.53 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The firm’s 50-day simple moving average is $19.03 and its two-hundred day simple moving average is $18.35. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $21.52.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $0.10 EPS. Mattel’s revenue was down .7% compared to the same quarter last year. Research analysts predict that Mattel, Inc. will post 1.43 earnings per share for the current year.

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.