Verdence Capital Advisors LLC Sells 44,974 Shares of Hasbro, Inc. (NASDAQ:HAS)

Verdence Capital Advisors LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 63.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,405 shares of the company’s stock after selling 44,974 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Hasbro were worth $1,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. American Trust acquired a new stake in shares of Hasbro during the third quarter worth $634,000. Quest Partners LLC raised its holdings in shares of Hasbro by 972.6% during the third 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 period. Larson Financial Group LLC raised its holdings in shares of Hasbro by 33.9% during the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after acquiring an additional 799 shares during the period. Finally, Capital Wealth Management LLC acquired a new stake in shares of Hasbro during the fourth quarter worth $496,000. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAS. DA Davidson raised their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Roth Mkm raised their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 2.0 %

Shares of HAS stock opened at $63.04 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1 year low of $50.51 and a 1 year high of $73.46. The firm’s fifty day moving average price is $59.60 and its two-hundred day moving average price is $64.26. The firm has a market capitalization of $8.80 billion, a P/E ratio of 22.92, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.44%. Hasbro’s dividend payout ratio is presently 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.