HM Payson & Co. Decreases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

HM Payson & Co. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,233 shares of the company's stock after selling 4,497 shares during the quarter. HM Payson & Co.'s holdings in Hasbro were worth $1,675,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after buying an additional 404,527 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock worth $188,269,000 after acquiring an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after acquiring an additional 2,427,299 shares in the last quarter. Invesco Ltd. boosted its stake in Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after purchasing an additional 507,054 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Citigroup reiterated a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Hasbro currently has an average rating of "Buy" and a consensus price target of $81.67.

Hasbro Price Performance

Shares of HAS traded down $0.67 during mid-day trading on Friday, reaching $77.55. The stock had a trading volume of 1,692,972 shares, compared to its average volume of 1,717,670. The business has a fifty day moving average of $67.39 and a 200 day moving average of $61.68. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.14 and a beta of 0.59. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the previous year, the company earned $0.61 EPS. Hasbro's revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is 92.41%.

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.