Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Hartford Investment Management Co.


Hartford Investment Management Co. reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating ) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,270 shares of the company’s stock after selling 807 shares during the quarter. Hartford Investment Management Co.’s holdings. in Hasbro were worth $1,005,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cetera Advisor Networks LLC boosted its holdings in shares of Hasbro by 3.6% during the third quarter. Cetera Advisor Networks LLC now owns 3,042 shares of the company’s stock valued at $271,000 after buying an additional 107 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Hasbro by 3.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust now owns 3,458 shares of the company’s stock valued at $352,000 after purchasing an additional 107 shares in the last quarter. Edge Capital Group LLC boosted its holdings in shares of Hasbro by 0.5% in the 4th quarter. Edge Capital Group LLC now owns 21,491 shares of the company’s stock valued at $2,187,000 after purchasing an additional 110 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Hasbro by 6.2% in the 4th quarter. Spire Wealth Management now owns 1,971 shares of the company’s stock valued at $201,000 after purchasing an additional 115 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of Hasbro by 4.5% in the 4th quarter. CENTRAL TRUST Co now owns 2,728 shares of the company’s stock valued at $278,000 after buying an additional 117 shares in the last quarter. 75.35% of the shares are owned by hedge funds and other institutional investors.

Shares of HAS stock opened at $81.35 on Tuesday. Hasbro, Inc. it has a 52-week low of $78.32 and a 52-week high of $105.73. The company has a quick ratio of 1.28, a current ratio of 1.59 and a debt-to-equity ratio of 1.21. The firm’s fifty day moving average is $86.61 and the two hundred day moving average is $90.64. The stock has a market cap of $11.34 billion, a PE ratio of 30.24 and a beta of 0.84.

Hasbro (NASDAQ:HAS – Get Rating ) last posted its quarterly earnings results on Tuesday, April 19th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). Hasbro has a return on equity of 21.98% and a net margin of 5.78%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenues increased by 4.3% year-on-year. As a group, research analysts expect that Hasbro, Inc. will post 5.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a dividend of $0.70 per share. The ex-dividend date is Friday, July 29th. This represents a $2.80 annual dividend and a dividend yield of 3.44%. Hasbro’s dividend payout ratio is currently 104.09%.

Several equities analysts recently weighed in on HAS shares. KeyCorp cut their target price on shares of Hasbro from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, April 20th. TheStreet cut shares of Hasbro from a “b” rating to a “c+” rating in a research note on Tuesday, April 19th. DA Davidson upped their target price on shares of Hasbro from $121.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Finally, StockNews.com initiated coverage on shares of Hasbro in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus target price of $108.14, according to MarketBeat .

In related news, CEO Christian P. Cox acquired 10,102 shares of Hasbro stock in a transaction that occurred on Thursday, April 21st. The stock was bought at an average price of $89.59 per share, for a total transaction of $905,038.18. Following the acquisition, the chief executive officer now owns 65,945 shares in the company, valued at $5,908,012.55. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Also, Director Michael Raymond Burns acquired 2,500 shares of Hasbro stock in a transaction that occurred on Monday, April 25th. The stock was bought at an average price of $87.70 per share, for a total transaction of $219,250.00. Following the completion of the acquisition, the director now owns 16,398 shares in the company, valued at approximately $1,438,104.60. Disclosure of this purchase can be found here. 8.40% of shares are owned by insiders.

About Hasbro (Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a gaming and entertainment company. Its consumer products segment is engaged in the supply, marketing and sale of toys and games products. This segment also promotes its brands by out-licensing trademarks, characters and other brand and intellectual property rights to third parties through the sale of branded consumer products such as toys and apparel.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)



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