Hsbc Holdings PLC Sells 5,526 Shares of Hasbro, Inc. (NASDAQ:HAS)

Hsbc Holdings PLC cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,391 shares of the company's stock after selling 5,526 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Hasbro worth $19,199,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HAS. Commerce Bank boosted its position in Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock valued at $813,000 after purchasing an additional 171 shares during the last quarter. Keybank National Association OH raised its stake in shares of Hasbro by 3.5% during the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after purchasing an additional 180 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after buying an additional 192 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after buying an additional 208 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock worth $225,000 after buying an additional 210 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $60.99 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.60 and a beta of 0.51. The stock's fifty day moving average price is $59.37 and its two-hundred day moving average price is $61.07. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is currently 101.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on HAS shares. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. StockNews.com cut Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. DA Davidson upgraded Hasbro to a "hold" rating in a research note on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.89.

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.

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