UBS Group AG Has $114.70 Million Stock Position in Hasbro, Inc. $HAS

Key Points

• UBS Group AG trimmed its Hasbro holding by 13.6% in Q4 to 1,398,799 shares, worth about $114.7 million and roughly 1.0% of the company.
• Insiders have been net sellers — including Timothy J. Kilpin and CFO Gina M. Goetter — with a total of 413,342 shares (~$42.24 million) sold in the last three months, leaving insiders with about 0.85% ownership.
• Hasbro beat Q4 expectations with $1.51 EPS (vs. $0.99 est.) and $1.45B revenue (up 31.3% YoY); analysts have a consensus target near $113.07 and the stock yields 2.9%.

UBS Group AG reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,398,799 shares of the company's stock after selling 220,962 shares during the quarter. UBS Group AG owned about 1.00% of Hasbro worth $114,702,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the second quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro in the second quarter worth approximately $28,000. First Horizon Corp purchased a new stake in shares of Hasbro in the third quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro in the third quarter worth approximately $34,000. Finally, Wexford Capital LP purchased a new stake in shares of Hasbro in the third quarter worth approximately $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares of the company's stock, valued at approximately $3,762,384. This represents a 17.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares of the company's stock, valued at approximately $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 413,342 shares of company stock valued at $42,241,679 in the last three months. 0.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Hasbro from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. DA Davidson lowered their price objective on Hasbro from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. Wall Street Zen raised Hasbro from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 15th. Weiss Ratings downgraded Hasbro from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Finally, UBS Group increased their price objective on Hasbro from $99.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.07.

Hasbro Stock Performance

HAS stock opened at $95.27 on Friday. The firm has a market cap of $13.49 billion, a PE ratio of -40.54, a P/E/G ratio of 2.83 and a beta of 0.55. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The business has a 50 day moving average of $94.08 and a 200-day moving average of $87.50. Hasbro, Inc. has a 12-month low of $60.33 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.Hasbro's quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 5.74 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro's dividend payout ratio is -119.15%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company's brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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