Corient Private Wealth LLC Sells 795 Shares of Hasbro, Inc. (NASDAQ:HAS)

Corient Private Wealth LLC lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,606 shares of the company’s stock after selling 795 shares during the period. Corient Private Wealth LLC’s holdings in Hasbro were worth $593,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. American Trust acquired a new stake in shares of Hasbro during the 3rd quarter worth approximately $634,000. Jones Financial Companies Lllp boosted its holdings in shares of Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock valued at $554,000 after purchasing an additional 2,426 shares in the last quarter. Capital Wealth Management LLC bought a new position in shares of Hasbro in the 4th quarter valued at $496,000. Wellington Management Group LLP acquired a new position in shares of Hasbro during the 3rd quarter worth $3,080,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after buying an additional 5,778 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $60.59 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The firm has a fifty day moving average price of $61.18 and a 200 day moving average price of $63.56. Hasbro, Inc. has a fifty-two week low of $54.26 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro 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.