Gateway Investment Advisers LLC trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,982 shares of the company’s stock after selling 562 shares during the period. Gateway Investment Advisers LLC’s holdings in Hasbro were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of HAS. Benjamin F. Edwards & Company Inc. grew its stake in Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after acquiring an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC grew its stake in Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Hasbro in the second quarter valued at about $155,000. Highstreet Asset Management Inc. lifted its holdings in shares of Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Hasbro in the second quarter valued at about $229,000. 79.44% of the stock is owned by hedge funds and other institutional investors.
HAS has been the topic of a number of research reports. Wells Fargo & Co restated a “market perform” rating and issued a $95.00 price target (down from $100.00) on shares of Hasbro in a report on Tuesday, October 24th. BidaskClub lowered Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. DA Davidson set a $124.00 price target on Hasbro and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Stifel Nicolaus cut their price target on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and an average price target of $107.00.
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 $0.57 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.44%. Hasbro’s payout ratio is presently 48.61%.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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