Argent Trust Co Has $1.13 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Argent Trust Co decreased its holdings in Hasbro, Inc. (NASDAQ:HASFree Report) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,026 shares of the company’s stock after selling 1,871 shares during the quarter. Argent Trust Co’s holdings in Hasbro were worth $1,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors raised its position in shares of Hasbro by 325.3% during the second quarter. Capital Research Global Investors now owns 9,903,742 shares of the company’s stock worth $641,465,000 after acquiring an additional 7,575,265 shares during the last quarter. State Street Corp raised its position in shares of Hasbro by 2.4% during the second quarter. State Street Corp now owns 7,054,891 shares of the company’s stock worth $456,945,000 after acquiring an additional 166,294 shares during the last quarter. Marshall Wace LLP raised its position in shares of Hasbro by 595.1% during the second quarter. Marshall Wace LLP now owns 3,843,734 shares of the company’s stock worth $248,959,000 after acquiring an additional 3,290,766 shares during the last quarter. Morgan Stanley raised its position in shares of Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after acquiring an additional 2,541,129 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hasbro by 76.6% during the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after acquiring an additional 1,423,517 shares during the last quarter. Institutional investors own 82.84% of the company’s stock.

Hasbro Stock Performance

HAS opened at $49.14 on Tuesday. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The firm has a market capitalization of $6.82 billion, a PE ratio of -12.25, a PEG ratio of 2.20 and a beta of 0.72. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.30 and a current ratio of 1.60. The business’s 50-day simple moving average is $49.38 and its 200 day simple moving average is $56.09.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.80 annualized dividend and a yield of 5.70%. Hasbro’s payout ratio is presently -69.83%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America reiterated a “neutral” rating and issued a $53.00 price objective (down previously from $90.00) on shares of Hasbro in a report on Friday, October 27th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Citigroup assumed coverage on Hasbro in a report on Friday, October 20th. They issued a “neutral” rating and a $62.00 price objective for the company. Morgan Stanley dropped their price objective on Hasbro from $84.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Finally, The Goldman Sachs Group dropped their price objective on Hasbro from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Read Our Latest Report on Hasbro

Hasbro Profile

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.

See Also

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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