M&T Bank Corp Boosts Stock Position in Hasbro, Inc. $HAS

M&T Bank Corp grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 116.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,021 shares of the company’s stock after buying an additional 9,677 shares during the period. M&T Bank Corp’s holdings in Hasbro were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Hasbro by 5.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 116,548 shares of the company’s stock valued at $9,567,000 after buying an additional 5,850 shares in the last quarter. Optas LLC purchased a new position in shares of Hasbro during the 4th quarter valued at about $275,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hasbro by 12.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,298 shares of the company’s stock valued at $3,386,000 after buying an additional 4,690 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of Hasbro by 17.9% during the 4th quarter. Krilogy Financial LLC now owns 10,245 shares of the company’s stock valued at $916,000 after buying an additional 1,554 shares in the last quarter. Finally, Earned Wealth Advisors LLC purchased a new position in shares of Hasbro during the 4th quarter valued at about $231,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 1.6%

Shares of HAS opened at $94.02 on Thursday. The business’s 50 day moving average is $94.18 and its 200 day moving average is $87.44. The company has a market capitalization of $13.31 billion, a PE ratio of -40.01, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55. Hasbro, Inc. has a 12-month low of $60.04 and a 12-month high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. Research analysts expect that Hasbro, Inc. will post 5.74 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is -119.15%.

Insiders Place Their Bets

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at $7,058,144.66. The trade was a 15.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the sale, the executive vice president directly owned 50,174 shares in the company, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 413,342 shares of company stock worth $42,241,679 over the last quarter. Company insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HAS shares. Argus set a $105.00 price objective on Hasbro in a research report on Friday, March 13th. Monness Crespi & Hardt lifted their price objective on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. JPMorgan Chase & Co. lifted their target price on Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley lifted their target price on Hasbro from $119.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $113.07.

Hasbro 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.