59,160 Shares in Mattel, Inc. $MAT Purchased by Eads & Heald Wealth Management

Eads & Heald Wealth Management bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 59,160 shares of the company’s stock, valued at approximately $749,000.

A number of other large investors have also recently bought and sold shares of the stock. Evergreen Capital Management LLC acquired a new stake in shares of Mattel during the third quarter valued at $370,000. State of Alaska Department of Revenue raised its stake in Mattel by 15.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 90,894 shares of the company’s stock valued at $1,150,000 after purchasing an additional 12,496 shares during the last quarter. GAMMA Investing LLC raised its stake in Mattel by 43.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,311 shares of the company’s stock valued at $55,000 after purchasing an additional 1,297 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Mattel by 253.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock valued at $45,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in Mattel in the 3rd quarter valued at about $174,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $15.53 on Tuesday. The business has a 50-day moving average of $15.00 and a two-hundred day moving average of $15.50. The firm has a market capitalization of $4.44 billion, a PE ratio of 11.42, a P/E/G ratio of 1.62 and a beta of 0.70. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel, Inc. has a 12 month low of $12.40 and a 12 month high of $22.48.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.30 earnings per share for the current year.

Insider Activity at Mattel

In related news, EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the sale, the executive vice president directly owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Seaport Research Partners upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, October 12th. Odeon Capital Group started coverage on shares of Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. UBS Group restated a “buy” rating on shares of Mattel in a research report on Thursday, October 1st. Weiss Ratings cut shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Citigroup boosted their price target on Mattel from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.00.

About Mattel

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.