Swiss National Bank Sells 51,900 Shares of Hasbro, Inc. (NASDAQ:HAS)

Swiss National Bank lowered its position in Hasbro, Inc. (NASDAQ:HASFree Report) by 10.9% during the third quarter, Holdings Channel reports. The institutional investor owned 423,500 shares of the company’s stock after selling 51,900 shares during the quarter. Swiss National Bank’s holdings in Hasbro were worth $28,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. Worth Asset Management LLC purchased a new stake in Hasbro during the 1st quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its position in Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Power Corp of Canada purchased a new stake in Hasbro during the 1st quarter worth approximately $29,000. ING Groep NV purchased a new stake in Hasbro during the 3rd quarter worth approximately $29,000. Finally, First Horizon Advisors Inc. grew its position in Hasbro by 44.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 808 shares of the company’s stock worth $52,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Hasbro Stock Performance

HAS opened at $50.59 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.60 and a quick ratio of 1.30. The firm has a fifty day moving average price of $49.65 and a 200 day moving average price of $55.81. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The stock has a market cap of $7.02 billion, a P/E ratio of -12.62, a P/E/G ratio of 2.17 and a beta of 0.72.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio is currently -69.83%.

Analysts Set New Price Targets

Several analysts have weighed in on HAS shares. DA Davidson downgraded shares of Hasbro from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $53.00 in a research report on Tuesday, January 2nd. Citigroup initiated coverage on shares of Hasbro in a research note on Friday, October 20th. They set a “neutral” rating and a $62.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of Hasbro from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Morgan Stanley decreased their price objective on shares of Hasbro from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Finally, Bank of America restated a “neutral” rating and set a $53.00 price objective (down from $90.00) on shares of Hasbro in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Hold” and an average price target of $67.67.

Check Out Our Latest Analysis on HAS

Hasbro Profile

(Free Report)

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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