HM Payson & Co. Has $1.77 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

HM Payson & Co. lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,730 shares of the company’s stock after selling 795 shares during the quarter. HM Payson & Co.’s holdings in Hasbro were worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HAS. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Hasbro in the 4th quarter valued at about $570,000. Machina Capital S.A.S. raised its stake in shares of Hasbro by 107.8% in the 4th quarter. Machina Capital S.A.S. now owns 24,724 shares of the company’s stock valued at $1,382,000 after purchasing an additional 12,828 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of Hasbro by 8.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 13,076 shares of the company’s stock valued at $731,000 after purchasing an additional 1,050 shares during the period. Inceptionr LLC raised its stake in shares of Hasbro by 466.1% in the 4th quarter. Inceptionr LLC now owns 18,280 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,051 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hasbro in the 4th quarter valued at about $23,623,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HAS. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Trading Up 1.3 %

Hasbro stock opened at $64.35 on Friday. The stock has a 50-day simple moving average of $59.89 and a 200 day simple moving average of $64.23. The stock has a market capitalization of $8.98 billion, a P/E ratio of 23.40, a PEG ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 52 week low of $50.89 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last announced 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

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.