Diversified Trust Co Invests $566,000 in Hasbro, Inc. (NASDAQ:HAS)

Diversified Trust Co acquired a new position in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,118 shares of the company’s stock, valued at approximately $566,000.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares in the last quarter. Samlyn Capital LLC lifted its position in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Hasbro by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after buying an additional 97,039 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.1 %

HAS stock opened at $57.04 on Friday. The stock has a market capitalization of $7.96 billion, a P/E ratio of -12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average price of $61.33 and a 200-day moving average price of $64.35. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HAS shares. Bank of America upped their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus dropped their price target 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. DA Davidson increased their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Insider Activity

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by insiders.

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.