Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in Hasbro, Inc. (NASDAQ:HAS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 141,766 shares of the company's stock, valued at approximately $7,926,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Hasbro at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HAS. Commerce Bank lifted its holdings in Hasbro by 1.2% during the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock valued at $813,000 after purchasing an additional 171 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares during the last quarter. Keybank National Association OH grew its position in shares of Hasbro by 3.5% during the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after buying an additional 180 shares during the period. Blair William & Co. IL grew its position in shares of Hasbro by 1.0% during the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock worth $1,081,000 after buying an additional 192 shares during the period. Finally, Principal Securities Inc. increased its stake in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Down 0.4%

NASDAQ:HAS traded down $0.27 during midday trading on Wednesday, reaching $65.41. The company had a trading volume of 319,423 shares, compared to its average volume of 1,662,563. The stock's fifty day simple moving average is $60.16 and its 200-day simple moving average is $60.54. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data 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. 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 47.93% and a net margin of 9.32%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.28%. Hasbro's dividend payout ratio is currently 92.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAS. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Friday, April 25th. Morgan Stanley boosted their price objective on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Hasbro presently has a consensus rating of "Buy" and an average price target of $80.38.

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.