HM Payson & Co. Decreases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

HM Payson & Co. lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,607 shares of the company’s stock after selling 3,378 shares during the quarter. HM Payson & Co.’s holdings in Hasbro were worth $2,069,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HAS. EverSource Wealth Advisors LLC raised its holdings in shares of Hasbro by 1,352.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,060 shares of the company’s stock worth $65,000 after buying an additional 987 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Hasbro by 49.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 33,853 shares of the company’s stock worth $1,914,000 after buying an additional 11,190 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Hasbro in the first quarter worth $362,000. Cetera Investment Advisers raised its holdings in shares of Hasbro by 68.4% in the first quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock worth $1,967,000 after buying an additional 14,128 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Hasbro in the first quarter worth $1,287,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 2.4 %

NASDAQ HAS traded down $1.55 on Friday, hitting $63.46. 1,630,862 shares of the stock were exchanged, compared to its average volume of 1,721,717. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a market cap of $8.85 billion, a PE ratio of -6.26, a PEG ratio of 0.51 and a beta of 0.62. The company has a 50-day moving average price of $59.85 and a 200-day moving average price of $56.52.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was down 17.7% on a year-over-year basis. Sell-side analysts anticipate that Hasbro, Inc. will post 3.89 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, August 21st. Hasbro’s dividend payout ratio is currently -27.61%.

Insider Buying and Selling

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the completion of the transaction, the executive vice president now owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $61.00 to $74.00 in a report on Thursday, May 23rd. Morgan Stanley lifted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. UBS Group lifted their target price on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Jefferies Financial Group lifted their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.