HM Payson & Co. Sells 4,497 Shares of Hasbro, Inc. (NASDAQ:HAS)

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

A number of other hedge funds have also made changes to their positions in the stock. Parvin Asset Management LLC acquired a new stake in Hasbro in the 4th quarter valued at approximately $25,000. Sentry Investment Management LLC acquired a new stake in Hasbro in the 1st quarter valued at approximately $28,000. Itau Unibanco Holding S.A. grew its holdings in Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro in the 4th quarter valued at approximately $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Hasbro in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on HAS shares. Citigroup reaffirmed a "buy" rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. DA Davidson reissued a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $85.00 in a report on Monday, June 30th. Finally, Morgan Stanley lifted their price objective on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $81.67.

Hasbro Price Performance

HAS stock traded up $0.26 during trading on Tuesday, hitting $76.81. The company had a trading volume of 3,622,872 shares, compared to its average volume of 1,726,434. The company has a fifty day moving average price of $67.70 and a two-hundred day moving average price of $61.85. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. The company has a market cap of $10.76 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.14 and a beta of 0.59. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.65%. Hasbro's payout ratio is currently 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.