Unigestion Holding SA decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,563 shares of the company’s stock after selling 34,436 shares during the period. Unigestion Holding SA owned about 0.39% of Hasbro worth $39,778,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Sigma Planning Corp boosted its holdings in Hasbro by 4.4% in the fourth quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock worth $216,000 after purchasing an additional 112 shares during the last quarter. CWM LLC boosted its stake in shares of Hasbro by 20.3% during the 4th quarter. CWM LLC now owns 884 shares of the company’s stock worth $72,000 after acquiring an additional 149 shares during the last quarter. Endurance Wealth Management Inc. boosted its stake in shares of Hasbro by 0.3% during the 4th quarter. Endurance Wealth Management Inc. now owns 55,788 shares of the company’s stock worth $4,533,000 after acquiring an additional 150 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Hasbro by 17.7% during the 4th quarter. Synovus Financial Corp now owns 1,064 shares of the company’s stock worth $86,000 after acquiring an additional 160 shares during the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of Hasbro by 2.4% during the 4th quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock worth $579,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 86.78% of the company’s stock.
In other news, Director Alan G. Hassenfeld sold 302,220 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the transaction, the director now owns 30,945 shares in the company, valued at $3,018,375.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.90% of the stock is currently owned by company insiders.
Shares of Hasbro stock traded down $0.20 during trading hours on Friday, hitting $86.09. The company’s stock had a trading volume of 435,971 shares, compared to its average volume of 1,545,422. Hasbro, Inc. has a 12 month low of $76.84 and a 12 month high of $109.60. The company has a market capitalization of $11.00 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.42 and a quick ratio of 2.07.
Hasbro (NASDAQ:HAS) last announced its earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. Hasbro’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter last year, the business posted $2.30 EPS. On average, equities analysts anticipate that Hasbro, Inc. will post 4.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is 65.45%.
HAS has been the subject of several recent analyst reports. Monness Crespi & Hardt upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Monday, February 11th. TheStreet lowered Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Citigroup lowered their target price on Hasbro from $116.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, MKM Partners lowered their target price on Hasbro to $102.00 and set a “buy” rating on the stock in a report on Friday, January 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $103.73.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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