Penn Davis Mcfarland Inc Lowers stake in Mattel (MAT)

Mattel (MAT) : Penn Davis Mcfarland Inc reduced its stake in Mattel by 5.47% during the most recent quarter end. The investment management company now holds a total of 471,699 shares of Mattel which is valued at $15,391,538 after selling 27,314 shares in Mattel , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Mattel makes up approximately 4.05% of Penn Davis Mcfarland Inc’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in MAT by selling 510 shares or 17.74% in the most recent quarter. The Hedge Fund company now holds 2,365 shares of MAT which is valued at $77,170. Mattel makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Edge Wealth Management boosted its stake in MAT in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 22 shares of Mattel which is valued at $718.Washington Trust Bank boosted its stake in MAT in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 1,793 shares of Mattel which is valued at $58,488. Mattel makes up approx 0.01% of Washington Trust Bank’s portfolio.

Mattel closed down -0.33 points or -1.00% at $32.63 with 42,41,068 shares getting traded on Monday. Post opening the session at $32.93, the shares hit an intraday low of $32.46 and an intraday high of $32.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Mattel reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $-0.08. The company had revenue of $869.40 million for the quarter, compared to analysts expectations of $861.43 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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