Greenleaf Trust Sells 2,178 Shares of Hasbro, Inc. $HAS

Greenleaf Trust lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 35.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,903 shares of the company’s stock after selling 2,178 shares during the period. Greenleaf Trust’s holdings in Hasbro were worth $288,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in shares of Hasbro by 3.9% in the first quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after buying an additional 1,072 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hasbro by 20.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after buying an additional 2,866 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Hasbro by 129.5% in the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after buying an additional 6,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Hasbro by 60.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after buying an additional 6,225 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Hasbro by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock valued at $785,000 after purchasing an additional 931 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 1.0%

Shares of HAS stock opened at $75.89 on Friday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The stock has a market cap of $10.64 billion, a P/E ratio of -18.69, a P/E/G ratio of 0.98 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The company has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $69.72.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The business had revenue of $980.80 million during the quarter, compared to analysts’ expectations of $891.82 million. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro’s dividend payout ratio is presently -68.97%.

Insiders Place Their Bets

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock worth $2,970,828 over the last three months. 0.85% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HAS shares. DA Davidson boosted their price objective on shares of Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. UBS Group boosted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Roth Capital boosted their price objective on shares of Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America boosted their price objective on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Saturday, September 27th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $87.64.

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.