Orion Portfolio Solutions LLC Sells 26,937 Shares of Hasbro, Inc. (NASDAQ:HAS)

Orion Portfolio Solutions LLC trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 45.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,849 shares of the company’s stock after selling 26,937 shares during the period. Orion Portfolio Solutions LLC’s holdings in Hasbro were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Hasbro by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock worth $914,599,000 after buying an additional 404,527 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Norges Bank purchased a new stake in shares of Hasbro in the fourth quarter valued at about $96,359,000. Bank of New York Mellon Corp lifted its position in shares of 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 purchasing an additional 426,130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after purchasing an additional 5,778 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $62.69 on Thursday. The firm has a market capitalization of $8.75 billion, a PE ratio of 22.80, a P/E/G ratio of 0.60 and a beta of 0.51. 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 company has a 50-day moving average price of $61.45 and a two-hundred day moving average price of $63.41. Hasbro, Inc. has a twelve month low of $54.26 and a twelve month high of $73.46.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.47%. Hasbro’s payout ratio is 101.82%.

Analysts Set New Price Targets

HAS has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective 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 set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson upped their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.