Plato Investment Management Ltd Lowers Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Plato Investment Management Ltd lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,345 shares of the company’s stock after selling 377 shares during the period. Plato Investment Management Ltd’s holdings in Hasbro were worth $132,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its stake in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA lifted its holdings in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares in the last quarter. Principal Securities Inc. boosted its stake in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after purchasing an additional 208 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after purchasing an additional 210 shares during the period. Finally, Morningstar Investment Management LLC grew its holdings in Hasbro by 5.9% during the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $61.81 on Wednesday. The company has a 50 day simple moving average of $59.49 and a two-hundred day simple moving average of $64.26. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12 month low of $49.86 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research analyst reports. Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

About Hasbro

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.