Forvis Mazars Wealth Advisors LLC Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Forvis Mazars Wealth Advisors LLC raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,287 shares of the company’s stock after buying an additional 744 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Hasbro were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HAS. Huntington National Bank grew its position in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA grew its position in shares of Hasbro by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the last quarter. Principal Securities Inc. boosted its position in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after acquiring an additional 210 shares during the last quarter. Finally, Morningstar Investment Management LLC boosted its position in Hasbro by 5.9% during the fourth quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock worth $260,000 after acquiring an additional 258 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Shares of HAS stock opened at $67.05 on Tuesday. The firm has a market cap of $9.35 billion, a P/E ratio of 24.38, a P/E/G ratio of 0.60 and a beta of 0.64. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46. The firm has a fifty day moving average of $58.55 and a two-hundred day moving average of $64.23.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share 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 analyst estimates of $1.02 billion. As a group, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reissued 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. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, DA Davidson raised 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target 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.