Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Entrust Global Partners L L C

Entrust Global Partners L L C reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 808,854 shares of the company's stock after selling 5,906 shares during the period. Hasbro makes up approximately 55.4% of Entrust Global Partners L L C's portfolio, making the stock its biggest holding. Entrust Global Partners L L C owned 0.58% of Hasbro worth $45,862,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. American Trust purchased a new stake in Hasbro in the 3rd quarter worth $634,000. Jones Financial Companies Lllp lifted its stake in Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock valued at $554,000 after buying an additional 2,426 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Hasbro in the 4th quarter worth about $502,000. Capital Wealth Management LLC purchased a new stake in Hasbro during the 4th quarter worth approximately $496,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro during the fourth quarter valued at approximately $540,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com lowered Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, DA Davidson raised Hasbro to a "hold" rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.22.

Hasbro Stock Up 1.5 %

Shares of HAS traded up $0.77 during midday trading on Friday, hitting $52.65. The company had a trading volume of 1,446,517 shares, compared to its average volume of 1,657,938. The company's 50-day simple moving average is $59.88 and its 200-day simple moving average is $61.72. The firm has a market capitalization of $7.37 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 5.32%. Hasbro's dividend payout ratio is currently 101.82%.

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.