Voya Investment Management LLC Sells 4,655 Shares of Hasbro, Inc. (NASDAQ:HAS)

Voya Investment Management LLC cut its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,782 shares of the company's stock after selling 4,655 shares during the quarter. Voya Investment Management LLC owned 0.06% of Hasbro worth $4,349,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Hasbro by 15.6% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 83,314 shares of the company's stock valued at $4,688,000 after acquiring an additional 11,214 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Hasbro by 268.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 455,472 shares of the company's stock valued at $25,465,000 after acquiring an additional 332,000 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Hasbro by 1.2% in the fourth quarter. Stifel Financial Corp now owns 269,912 shares of the company's stock worth $15,091,000 after acquiring an additional 3,237 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Hasbro by 182.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,443 shares of the company's stock valued at $81,000 after purchasing an additional 932 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Hasbro by 4.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,287 shares of the company's stock valued at $967,000 after purchasing an additional 765 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

NASDAQ HAS traded up $0.53 during trading on Wednesday, hitting $61.45. The company's stock had a trading volume of 243,615 shares, compared to its average volume of 1,677,052. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46. The firm has a market cap of $8.60 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The firm has a 50 day moving average price of $58.61 and a 200 day moving average price of $60.55. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS - Get Free Report) last announced 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Hasbro's revenue was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Roth Mkm lifted 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. DA Davidson raised shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Friday, April 25th. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley reissued an "overweight" rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.89.

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.