Hefty Wealth Partners Lowers stake in Mattel (MAT)

Mattel (MAT) : Hefty Wealth Partners reduced its stake in Mattel by 47.13% during the most recent quarter end. The investment management company now holds a total of 31,379 shares of Mattel which is valued at $959,570 after selling 27,967 shares in Mattel , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Mattel makes up approximately 0.73% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in MAT in the latest quarter, The investment management firm added 107,199 additional shares and now holds a total of 263,067 shares of Mattel which is valued at $8,044,589. Mattel makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in MAT in the latest quarter, The investment management firm added 1,522 additional shares and now holds a total of 10,139 shares of Mattel which is valued at $310,051. Mattel makes up approx 0.02% of Eqis Capital Management’s portfolio.West Oak Capital boosted its stake in MAT in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 1,662 shares of Mattel which is valued at $50,824. Mattel makes up approx 0.04% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in MAT in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 1,851 shares of Mattel which is valued at $56,604. Mattel makes up approx 0.01% of Washington Trust Bank’s portfolio.

Mattel closed down -0.56 points or -1.82% at $30.21 with 42,90,482 shares getting traded on Tuesday. Post opening the session at $30.71, the shares hit an intraday low of $29.98 and an intraday high of $30.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Mattel reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.06. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $936.69 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Mattel. Monness Crespi & Hardt Upgraded Mattel on Sep 19, 2016 to ” Buy”, Price Target of the shares are set at $37.Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .

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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