Ballentine Partners LLC Has $533,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Ballentine Partners LLC increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 69.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,667 shares of the company's stock after acquiring an additional 3,540 shares during the quarter. Ballentine Partners LLC's holdings in Hasbro were worth $533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commerce Bank lifted its holdings in shares of Hasbro by 1.2% during the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after acquiring an additional 171 shares during the period. Itau Unibanco Holding S.A. raised its position in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after purchasing an additional 192 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley increased their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Citigroup restated a "buy" rating and set a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Finally, DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hasbro presently has a consensus rating of "Buy" and an average price target of $81.67.

Hasbro Trading Down 1.3%

Shares of Hasbro stock traded down $0.95 on Tuesday, reaching $74.84. 1,625,680 shares of the company's stock were exchanged, compared to its average volume of 1,743,674. The company has a market capitalization of $10.49 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.59. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83. 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's 50-day moving average is $69.18 and its two-hundred day moving average is $62.53.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. Hasbro's revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS 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 paid a $0.70 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Hasbro's dividend payout ratio is presently 92.41%.

About Hasbro

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.