Shell Asset Management Co. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,583 shares of the company’s stock after selling 677 shares during the period. Shell Asset Management Co.’s holdings in Hasbro were worth $734,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Creative Planning increased its position in Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock valued at $633,000 after buying an additional 652 shares during the period. Schwab Charles Investment Management Inc. increased its position in Hasbro by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock valued at $65,125,000 after buying an additional 37,803 shares during the period. Toronto Dominion Bank increased its position in Hasbro by 55.9% in the first quarter. Toronto Dominion Bank now owns 30,192 shares of the company’s stock valued at $3,013,000 after buying an additional 10,821 shares during the period. Swiss National Bank increased its position in Hasbro by 28.1% in the first quarter. Swiss National Bank now owns 397,946 shares of the company’s stock valued at $39,723,000 after buying an additional 87,300 shares during the period. Finally, American International Group Inc. increased its position in Hasbro by 2.9% in the first quarter. American International Group Inc. now owns 200,480 shares of the company’s stock valued at $20,012,000 after buying an additional 5,613 shares during the period. Institutional investors and hedge funds own 78.23% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 97.82 on Friday. The stock has a 50 day moving average price of $108.92 and a 200-day moving average price of $101.36. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 21.19 and a beta of 0.90. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. Hasbro’s payout ratio is 49.35%.

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Several research firms recently weighed in on HAS. DA Davidson reiterated a “buy” rating and set a $121.00 target price (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $107.00 target price (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $106.69.

In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the transaction, the director now directly owns 29,140 shares in the company, valued at $3,079,515.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan G. Hassenfeld sold 216,851 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $106.07, for a total value of $23,001,385.57. Following the transaction, the director now owns 29,140 shares in the company, valued at $3,090,879.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 814,917 shares of company stock valued at $86,222,617. Insiders own 11.00% of the company’s stock.

About Hasbro

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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