Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,674 shares of the company’s stock after selling 5,593 shares during the period. Vontobel Holding Ltd.’s holdings in Hasbro were worth $647,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Studio Investment Management LLC acquired a new position in Hasbro during the third quarter worth about $26,000. ING Groep NV purchased a new stake in shares of Hasbro during the third quarter valued at $29,000. Orion Capital Management LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at $37,000. Harvest Fund Management Co. Ltd purchased a new position in Hasbro in the 3rd quarter worth about $54,000. Finally, CWM LLC increased its position in shares of Hasbro by 19.2% in the third quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after acquiring an additional 224 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Trading Up 1.1 %

Shares of NASDAQ:HAS opened at $55.90 on Tuesday. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a market cap of $7.76 billion, a P/E ratio of -5.21, a P/E/G ratio of 0.96 and a beta of 0.74. The stock’s 50-day moving average is $53.49 and its 200-day moving average is $50.95. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $1.31 earnings per share. Hasbro’s revenue was down 23.2% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 3.27 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.01%. Hasbro’s dividend payout ratio (DPR) is currently -26.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus boosted their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.80.

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.