Wells Fargo & Company MN Cuts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Wells Fargo & Company MN reduced its holdings in shares of Hasbro, Inc. ( NASDAQ:HAS – Free Report ) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 162,391 shares of the company’s stock after selling 90,980 shares during the period. Wells Fargo & Company MN’s holdings in Hasbro were worth $9,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also made changes to their positions in HAS.



American Trust acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $634,000. Jones Financial Companies Lllp increased its stake in shares of Hasbro by 32.4% during the fourth quarter.

Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares during the period. Capital Wealth Management LLC acquired a new stake in Hasbro in the fourth quarter valued at $496,000. Wellington Management Group LLP acquired a new position in shares of Hasbro in the 3rd quarter valued at $3,080,000.

Finally, Charles Schwab Investment Management Inc. grew its stake in Hasbro by 0.5% during the 4th quarter.

Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after buying an additional 5,778 shares during the last quarter. Hedge funds and other institutional investors own 91.

83% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and set a $84.

00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Roth Mkm increased their price target on Hasbro from $68.

00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus cut their price objective on Hasbro from $82.

00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. StockNews.

com cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson upgraded Hasbro to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock.

According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance HAS opened at $51.88 on Thursday. The stock has a market capitalization of $7.

26 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 0.60 and a beta of 0.

51. 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 one year low of $49.00 and a one year high of $73.46.

The company’s 50 day simple moving average is $60.16 and its 200-day simple moving average is $62.00.

Hasbro ( NASDAQ:HAS – Get Free Report ) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.

36 by $0.10. The firm had revenue of $1.

10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.

32% and a return on equity of 47.93%. Sell-side analysts anticipate that Hasbro, Inc.

will post 4.33 earnings per share for the current fiscal year. Hasbro Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th.

Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.

80 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, March 3rd.

Hasbro’s dividend payout ratio is currently 101.82%. Hasbro Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc.

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