First National Trust Co Has $774,000 Stake in Hasbro, Inc. (NASDAQ:HAS)

First National Trust Co trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,842 shares of the company’s stock after selling 3,490 shares during the quarter. First National Trust Co’s holdings in Hasbro were worth $774,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HAS. Pacer Advisors Inc. boosted its holdings in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the period. Mizuho Securities USA LLC boosted its holdings in 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 acquiring an additional 989,906 shares during the period. Bank of New York Mellon Corp boosted its holdings in Hasbro by 40.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Amundi boosted its holdings in Hasbro by 106.7% during the fourth quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after acquiring an additional 423,249 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Hasbro during the fourth quarter valued at about $23,623,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HAS shares. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus reduced their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

NASDAQ:HAS opened at $59.79 on Friday. Hasbro, Inc. has a 12-month low of $52.61 and a 12-month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $8.34 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm has a 50-day moving average price of $60.43 and a 200 day moving average price of $64.02.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results 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 firm had revenue of $1.10 billion during 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%. Research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.