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

HM Payson & Co. lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other institutional investors have also bought and sold shares of HAS. Kovitz Investment Group Partners LLC increased its position in Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Norges Bank acquired a new stake in Hasbro during the fourth quarter valued at approximately $96,359,000. Invesco Ltd. lifted its holdings in shares of Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after acquiring an additional 701,660 shares during the period. Marshall Wace LLP grew its stake in Hasbro by 23.7% during the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after buying an additional 507,054 shares during the last quarter. Finally, Amundi grew its holdings in shares of Hasbro by 106.7% during the fourth quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after purchasing an additional 423,249 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

NASDAQ:HAS traded down $1.09 during mid-day trading on Monday, hitting $76.55. 1,968,581 shares of the stock traded hands, compared to its average volume of 1,718,678. The company has a market cap of $10.73 billion, a PE ratio of 17.45, a price-to-earnings-growth 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. The business's 50-day moving average price is $67.39 and its 200 day moving average price is $61.72. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78.

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

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a $0.70 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 3.66%. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HAS shares. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price objective on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. 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. Finally, The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and raised their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $81.67.

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.