Truist Financial Corp Sells 2,430 Shares of Hasbro, Inc. (NASDAQ:HAS)

Truist Financial Corp lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,467 shares of the company’s stock after selling 2,430 shares during the period. Truist Financial Corp’s holdings in Hasbro were worth $1,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Hasbro in the third quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Hasbro in the third quarter worth about $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Hasbro in the third quarter valued at approximately $45,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.8 %

HAS stock opened at $68.02 on Thursday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a one year low of $48.72 and a one year high of $73.46. The company has a market capitalization of $9.49 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64. The company’s 50 day moving average price is $58.91 and its two-hundred day moving average price is $64.29.

Hasbro (NASDAQ:HAS) last issued its 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced 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 4.12%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Insider Transactions at Hasbro

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 transaction of $111,773.08. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HAS. Roth Mkm raised 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. 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. Finally, Stifel Nicolaus lowered 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Company 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.