Hasbro, Inc. (NASDAQ:HAS) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,450 shares of the company’s stock after selling 910 shares during the period. 44 Wealth Management LLC’s holdings in Hasbro were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. Raymond James & Associates raised its position in shares of Hasbro by 30.2% during the 3rd quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after acquiring an additional 41,829 shares in the last quarter. Signaturefd LLC raised its position in shares of Hasbro by 41.3% during the 3rd quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $196,000 after acquiring an additional 791 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after acquiring an additional 55,847 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position in shares of Hasbro by 14.1% during the 3rd quarter. Tectonic Advisors LLC now owns 100,691 shares of the company’s stock valued at $7,282,000 after acquiring an additional 12,419 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.82% of the company’s stock.

Hasbro Trading Down 2.2 %

Shares of NASDAQ:HAS opened at $67.56 on Friday. The company has a 50 day moving average of $58.31 and a 200-day moving average of $64.17. The firm has a market cap of $9.42 billion, a P/E ratio of 24.57, a P/E/G ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a twelve month low of $48.63 and a twelve month high of $73.46. 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 (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HAS. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

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.