Bank of America Corp DE Sells 225,803 Shares of Hasbro, Inc. (NASDAQ:HAS)

Bank of America Corp DE lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,140,057 shares of the company's stock after selling 225,803 shares during the period. Bank of America Corp DE owned approximately 0.82% of Hasbro worth $63,741,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new position in Hasbro in the fourth quarter valued at about $25,000. Allworth Financial LP boosted its holdings in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after acquiring an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Hasbro by 32.1% during the 4th 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. Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro during the 4th quarter valued at $43,000. Finally, Resona Asset Management Co. Ltd. bought a new position in Hasbro in the 4th quarter valued at $44,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAS has been the topic of several research reports. Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. DA Davidson reissued a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research note on Thursday. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.89.

Hasbro Stock Up 1.1%

Shares of Hasbro stock traded up $0.74 on Friday, hitting $67.21. The company had a trading volume of 1,522,585 shares, compared to its average volume of 1,718,626. The stock has a 50-day moving average of $58.66 and a 200-day moving average of $60.38. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The firm has a market capitalization of $9.42 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company's revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Hasbro 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.