JPMorgan Chase & Co. Sells 90,426 Shares of Hasbro, Inc. (NASDAQ:HAS)

JPMorgan Chase & Co. reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 448,175 shares of the company's stock after selling 90,426 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Hasbro worth $25,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Trust acquired a new position in Hasbro during the third quarter valued at approximately $634,000. Jones Financial Companies Lllp raised its stake in shares of Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after purchasing an additional 2,426 shares in the last quarter. Capital Wealth Management LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at approximately $496,000. Wellington Management Group LLP bought a new position in shares of Hasbro in the third quarter valued at $3,080,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after buying an additional 5,778 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of Hasbro stock traded down $0.43 on Tuesday, hitting $52.93. The stock had a trading volume of 155,971 shares, compared to its average volume of 1,776,651. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The business's 50 day moving average is $60.45 and its two-hundred day moving average is $62.13.

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Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates 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. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's dividend payout ratio is 101.82%.

Analysts Set New Price Targets

HAS has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the company 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 previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson raised Hasbro to a "hold" rating in a research report on Monday. Finally, StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.22.

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.