HM Payson & Co. Has $1.77 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

HM Payson & Co. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,730 shares of the company’s stock after selling 795 shares during the period. HM Payson & Co.’s holdings in Hasbro were worth $1,774,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. True Wealth Design LLC acquired a new position in Hasbro in the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro in the 3rd quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in Hasbro in the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. Roth Mkm upped their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note 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. Finally, Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

HAS stock opened at $64.35 on Friday. The business’s fifty day moving average is $59.89 and its 200-day moving average is $64.23. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market cap of $8.98 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a twelve month low of $50.89 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

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.