United Capital Financial Advisors LLC Makes New $467,000 Investment in Hasbro, Inc. $HAS

United Capital Financial Advisors LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,655 shares of the company’s stock, valued at approximately $467,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Hasbro during the second quarter worth $2,204,689,000. State Street Corp boosted its holdings in Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina M. Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the sale, the chief financial officer owned 79,839 shares in the company, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 45,415 shares of company stock worth $4,260,164. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Bank of America dropped their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. UBS Group restated a “buy” rating and issued a $120.00 target price on shares of Hasbro in a research note on Monday, July 27th. Jefferies Financial Group reduced their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $109.43.

Hasbro Price Performance

HAS opened at $94.10 on Tuesday. The firm has a market cap of $13.27 billion, a P/E ratio of 16.92, a PEG ratio of 1.72 and a beta of 0.47. The firm has a 50-day moving average of $88.40 and a 200 day moving average of $91.15. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, research analysts expect that Hasbro, Inc. will post 6.18 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is 50.36%.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.