Chevy Chase Trust Holdings LLC Decreases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Chevy Chase Trust Holdings LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,270 shares of the company’s stock after selling 1,199 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Hasbro worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Hasbro by 7,141.6% in the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in Hasbro during the 3rd quarter valued at $18,163,000. Charles Schwab Investment Management Inc. boosted its position in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after buying an additional 8,270 shares during the period. Quest Partners LLC grew its holdings in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after acquiring an additional 26,337 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Hasbro by 33.9% in the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after acquiring an additional 799 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

HAS stock opened at $67.10 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a 50 day moving average price of $67.32 and a 200-day moving average price of $64.57. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of -14.46, a PEG ratio of 0.60 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.17%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of analyst reports. DA Davidson increased their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.82% of the company’s stock.

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.