South Dakota Investment Council Sells 1,847 Shares of Hasbro, Inc. (NASDAQ:HAS)

South Dakota Investment Council decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,841 shares of the company’s stock after selling 1,847 shares during the period. South Dakota Investment Council owned about 0.06% of Hasbro worth $4,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the period. Blue Trust Inc. lifted its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new position in Hasbro in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro in the 3rd quarter worth approximately $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Hasbro in the 3rd quarter worth approximately $45,000. Institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated 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 owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Shares of HAS stock opened at $67.56 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 52 week low of $48.63 and a 52 week high of $73.46. The stock has a market capitalization of $9.42 billion, a PE ratio of 24.57, a P/E/G ratio of 0.60 and a beta of 0.64. The firm has a 50 day moving average of $58.42 and a two-hundred day moving average of $64.21.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HAS shares. Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.00.

About Hasbro

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.