Hasbro, Inc. $HAS Stock Holdings Trimmed by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC has reduced its holdings in Hasbro, Inc. by 43.1% in the second quarter, now owning 4,907 shares valued at approximately $362,000.
• Hasbro's CEO, Christian P. Cocks, sold 27,800 shares in August, representing a 10.01% decrease in his ownership, while insider sales over the last quarter totaled 37,359 shares worth approximately $2.97 million.
• Hasbro's most recent earnings report showed an EPS of $1.30, exceeding analyst estimates, although quarterly revenue decreased by 1.5% year-over-year.

Kingswood Wealth Advisors LLC lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 43.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,907 shares of the company's stock after selling 3,711 shares during the period. Kingswood Wealth Advisors LLC's holdings in Hasbro were worth $362,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares in the last quarter. Allworth Financial LP raised its stake in Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company's stock valued at $56,000 after acquiring an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after acquiring an additional 186 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in Hasbro during the 2nd quarter valued at $82,000. Finally, Blue Trust Inc. raised its stake in Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after acquiring an additional 855 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Insider Activity

In other news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $70.95 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of -17.48, a PEG ratio of 0.96 and a beta of 0.60. The stock's fifty day simple moving average is $77.71 and its 200 day simple moving average is $70.12. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The business 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 company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. Hasbro's payout ratio is currently -68.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. UBS Group lifted their price target on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hasbro in a research report on Wednesday. Bank of America lifted their price target on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their price target on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $87.64.

Hasbro 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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