Raymond James Trust N.A. cut its position in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 23.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,968 shares of the company’s stock after selling 1,485 shares during the quarter. Raymond James Trust N.A.’s holdings in Hasbro were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Krilogy Financial LLC boosted its stake in shares of Hasbro by 51.5% in the first quarter. Krilogy Financial LLC now owns 14,343 shares of the company’s stock valued at $770,000 after purchasing an additional 4,873 shares during the period. AGF Management Ltd. boosted its stake in shares of Hasbro by 9.6% in the first quarter. AGF Management Ltd. now owns 60,959 shares of the company’s stock valued at $3,273,000 after purchasing an additional 5,352 shares during the period. Lineweaver Wealth Advisors LLC purchased a new position in shares of Hasbro in the first quarter valued at $1,204,000. Financial Counselors Inc. boosted its stake in shares of Hasbro by 31.3% in the first quarter. Financial Counselors Inc. now owns 105,685 shares of the company’s stock valued at $5,674,000 after purchasing an additional 25,192 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Hasbro by 252.6% in the first quarter. Pacer Advisors Inc. now owns 17,632 shares of the company’s stock valued at $947,000 after purchasing an additional 12,632 shares during the period. 80.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Monday, June 19th. Stifel Nicolaus upped their price target on shares of Hasbro from $75.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the company from $68.00 to $85.00 in a report on Monday. Finally, Argus cut their price target on shares of Hasbro from $80.00 to $70.00 in a report on Friday, June 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.36.
Hasbro Stock Down 0.3 %
Hasbro stock opened at $64.37 on Thursday. The company has a 50-day simple moving average of $62.56 and a 200-day simple moving average of $58.47. The firm has a market capitalization of $8.92 billion, a P/E ratio of 74.85, a P/E/G ratio of 5.79 and a beta of 0.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.96 and a current ratio of 1.34. Hasbro, Inc. has a one year low of $45.75 and a one year high of $84.19.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, July 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.35%. Hasbro’s dividend payout ratio is currently 325.59%.
About Hasbro
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.
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