As Mattel (MAT) Market Valuation Declined, Shareholder Columbia Asset Management Has Lowered Stake; As Schlumberger LTD (SLB) Shares Declined, Shelter Ins Retirement Plan Has Lowered by $303,600 Its Holding

January 14, 2018 - By Vivian Park

Columbia Asset Management decreased its stake in Mattel Incorporated (MAT) by 57.74% based on its latest 2017Q3 regulatory filing with the SEC. Columbia Asset Management sold 41,222 shares as the company’s stock declined 15.13% while stock markets rallied. The institutional investor held 30,168 shares of the consumer non-durables company at the end of 2017Q3, valued at $467,000, down from 71,390 at the end of the previous reported quarter. Columbia Asset Management who had been investing in Mattel Incorporated for a number of months, seems to be less bullish one the $5.26B market cap company. The stock decreased 1.23% or $0.19 during the last trading session, reaching $15.29. About 4.07M shares traded. Mattel, Inc. (NASDAQ:MAT) has declined 26.92% since January 14, 2017 and is downtrending. It has underperformed by 43.62% the S&P500.

Shelter Ins Retirement Plan decreased its stake in Schlumberger Ltd (SLB) by 4.99% based on its latest 2017Q3 regulatory filing with the SEC. Shelter Ins Retirement Plan sold 4,400 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 83,700 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $5.84 million, down from 88,100 at the end of the previous reported quarter. Shelter Ins Retirement Plan who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $108.01 billion market cap company. The stock increased 1.19% or $0.92 during the last trading session, reaching $77.97. About 9.21 million shares traded or 0.46% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Since October 24, 2017, it had 0 buys, and 1 sale for $219,205 activity.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is without change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Perkins Coie Tru Company has invested 0.03% in Schlumberger Limited (NYSE:SLB). Gamble Jones Investment Counsel reported 114,347 shares. 17.41M were accumulated by First Eagle Mngmt Limited Liability. Federated Investors Pa holds 51,842 shares. Notis has 0.94% invested in Schlumberger Limited (NYSE:SLB). Thomas Story And Son reported 89,964 shares. Arrowstreet Limited Partnership holds 0.05% of its portfolio in Schlumberger Limited (NYSE:SLB) for 287,481 shares. Chase Invest Counsel Corporation has 0.12% invested in Schlumberger Limited (NYSE:SLB). Shelter Mutual Insur Co has 2.47% invested in Schlumberger Limited (NYSE:SLB) for 113,560 shares. Roanoke Asset Management Ny owns 40,815 shares. Woodmont Invest Counsel Ltd Llc invested in 20,665 shares or 0.39% of the stock. Blue Financial Cap Inc reported 0.22% stake. 18,590 are held by Rosenbaum Jay D. Thompson Mngmt Incorporated holds 0.87% or 66,931 shares. Macguire Cheswick And Tuttle Invest Counsel Ltd holds 156,746 shares.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. They expect $0.45 earnings per share, up 66.67% or $0.18 from last year’s $0.27 per share. SLB’s profit will be $623.37 million for 43.32 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 127 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, June 1. Howard Weil maintained the stock with “Focus Stock” rating in Monday, January 25 report. The company was maintained on Wednesday, October 25 by Barclays Capital. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by SunTrust on Friday, April 21. The company was maintained on Wednesday, July 5 by RBC Capital Markets. Jefferies maintained the shares of SLB in report on Monday, April 25 with “Hold” rating. The firm has “Outperform” rating by FBR Capital given on Wednesday, February 22. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 20. Oppenheimer maintained Schlumberger Limited (NYSE:SLB) on Monday, January 25 with “Outperform” rating. As per Monday, April 25, the company rating was maintained by Nomura.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on January, 24. They expect $0.22 earnings per share, down 57.69% or $0.30 from last year’s $0.52 per share. MAT’s profit will be $75.63 million for 17.38 P/E if the $0.22 EPS becomes a reality. After $0.09 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts 144.44% EPS growth.

Columbia Asset Management, which manages about $354.79M and $325.44M US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 10,385 shares to 79,413 shares, valued at $4.27 million in 2017Q3, according to the filing. It also increased its holding in Bp Amoco Plc Adr (NYSE:BP) by 9,258 shares in the quarter, for a total of 32,015 shares, and has risen its stake in Target Corporation (NYSE:TGT).

Among 18 analysts covering Mattel Inc. (NASDAQ:MAT), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Mattel Inc. had 56 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, July 20 by Jefferies. The rating was initiated by JP Morgan with “Overweight” on Thursday, April 7. The rating was downgraded by DA Davidson to “Underperform” on Thursday, August 3. Jefferies maintained Mattel, Inc. (NASDAQ:MAT) rating on Monday, December 18. Jefferies has “Hold” rating and $14.0 target. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, January 27 report. M Partners maintained the shares of MAT in report on Thursday, July 21 with “Neutral” rating. On Monday, October 10 the stock rating was upgraded by M Partners to “Buy”. The firm has “Hold” rating given on Friday, June 16 by Barclays Capital. The stock of Mattel, Inc. (NASDAQ:MAT) has “Hold” rating given on Tuesday, September 5 by Stifel Nicolaus. Monness Crespi & Hardt upgraded the shares of MAT in report on Monday, September 19 to “Buy” rating.

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