Wealth Advisors of Tampa Bay LLC Decreases Stake in Hasbro, Inc. (NASDAQ:HAS)

Wealth Advisors of Tampa Bay LLC cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,942 shares of the company’s stock after selling 3,285 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Hasbro were worth $2,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Pacer Advisors Inc. raised its stake in shares of 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 purchasing an additional 2,779,877 shares during the period. Norges Bank bought a new stake in shares of Hasbro during the fourth quarter valued at about $96,359,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $83,068,000 after buying an additional 426,130 shares in the last quarter. Amundi boosted its position in shares of Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after acquiring an additional 423,249 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Hasbro in the fourth quarter valued at approximately $23,623,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

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

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $54.99 on Friday. The stock’s 50-day moving average is $61.40 and its 200 day moving average is $63.35. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1-year low of $53.17 and a 1-year 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate 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 net margin of 9.32% and a return on equity of 47.93%. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio 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.