Tredje AP fonden Sells 6,590 Shares of Hasbro, Inc. (NASDAQ:HAS)

Tredje AP fonden trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,210 shares of the company's stock after selling 6,590 shares during the period. Tredje AP fonden owned approximately 0.09% of Hasbro worth $7,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HAS. Pacer Advisors Inc. raised its stake in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after buying an additional 2,779,877 shares during the last quarter. Mizuho Securities USA LLC increased its position in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after acquiring an additional 989,906 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Hasbro by 40.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Amundi boosted its position in Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after purchasing an additional 423,249 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Hasbro during the 4th quarter valued at about $23,623,000. Institutional investors own 91.83% of the company's stock.

Hasbro Price Performance

HAS stock traded down $0.26 during trading on Tuesday, reaching $59.96. The company's stock had a trading volume of 1,500,973 shares, compared to its average volume of 1,549,093. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company's fifty day moving average is $60.50 and its 200-day moving average is $63.93. The company has a market capitalization of $8.37 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1 year low of $52.95 and a 1 year high of $73.46.

Remove Ads

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 during the quarter, compared to analysts' expectations of $1.02 billion. On average, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HAS shares. Stifel Nicolaus lowered their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, DA Davidson raised their target price on Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Hasbro presently 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.