Beacon Investment Advisory Services Inc. Sells 226 Shares of Hasbro, Inc. (NASDAQ:HAS)

Beacon Investment Advisory Services Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,646 shares of the company’s stock after selling 226 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Hasbro were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after buying an additional 135,548 shares during the last quarter. Samlyn Capital LLC raised its position in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $85,629,000 after buying an additional 8,270 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Hasbro by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after buying an additional 97,039 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent analyst reports. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

Insiders Place Their Bets

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

Hasbro Price Performance

NASDAQ HAS opened at $64.73 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company has a fifty day moving average of $67.63 and a two-hundred day moving average of $64.50. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46.

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

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

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.