Ballentine Partners LLC Sells 3,740 Shares of Hasbro, Inc. $HAS

Key Points

• Ballentine Partners LLC has reduced its stake in Hasbro, Inc. by 43.2%, selling 3,740 shares and now holding 4,927 shares valued at $364,000.
• Several large investors, including Vanguard Group and Dimensional Fund Advisors, recently increased their holdings in Hasbro, indicating continued institutional interest in the company.
• Hasbro recently announced a quarterly dividend of $0.70, with an annualized yield of 3.7%, reflecting its commitment to returning value to shareholders.

Ballentine Partners LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 43.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,927 shares of the company's stock after selling 3,740 shares during the period. Ballentine Partners LLC's holdings in Hasbro were worth $364,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hasbro by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after purchasing an additional 105,624 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hasbro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock worth $140,652,000 after purchasing an additional 227,477 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Hasbro by 7.4% in the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock worth $87,499,000 after purchasing an additional 98,425 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Hasbro by 15.3% in the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock worth $79,312,000 after purchasing an additional 170,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hasbro by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock worth $74,856,000 after purchasing an additional 27,547 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares of the company's stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company's stock, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

HAS has been the topic of several recent analyst reports. Monness Crespi & Hardt raised their price objective on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Roth Capital raised their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Bank of America raised their price objective on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, DA Davidson raised their price objective on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.42.

Hasbro Trading Up 1.4%

NASDAQ HAS opened at $75.59 on Friday. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of -18.62, a PEG ratio of 0.98 and a beta of 0.59. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business's fifty day moving average is $77.92 and its 200-day moving average is $69.17.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million for the quarter, compared to analysts' expectations of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS. Equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.7%. Hasbro's dividend payout ratio (DPR) is -68.97%.

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.

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