Raymond James Trust N.A. reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,108 shares of the company’s stock after selling 461 shares during the quarter. Raymond James Trust N.A.’s holdings in Hasbro were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Coastline Trust Co raised its stake in shares of Hasbro by 1.5% during the second quarter. Coastline Trust Co now owns 6,610 shares of the company’s stock worth $737,000 after acquiring an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hasbro by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,414 shares of the company’s stock worth $1,273,000 after acquiring an additional 167 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in shares of Hasbro during the second quarter worth approximately $2,308,000. Jackson Wealth Management LLC raised its stake in shares of Hasbro by 11.7% during the second quarter. Jackson Wealth Management LLC now owns 18,700 shares of the company’s stock worth $1,981,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Hasbro by 29.6% during the second quarter. Alliancebernstein L.P. now owns 264,635 shares of the company’s stock worth $29,509,000 after acquiring an additional 60,441 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Hasbro, Inc. (HAS) opened at 94.84 on Friday. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The company has a market cap of $11.86 billion, a PE ratio of 20.54 and a beta of 0.92. The stock has a 50 day moving average of $97.86 and a 200 day moving average of $102.06.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the firm posted $0.41 EPS. Hasbro’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts anticipate that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.40%. Hasbro’s payout ratio is presently 49.35%.

Several research firms have commented on HAS. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Jefferies Group LLC began coverage on shares of Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $107.00 price target (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and an average target price of $107.27.

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In related news, CEO Brian Goldner sold 205,656 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the sale, the chief executive officer now owns 354,891 shares in the company, valued at approximately $37,508,429.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wiebe Tinga sold 25,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the sale, the executive vice president now owns 85,630 shares in the company, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,423,264 shares of company stock worth $145,144,664 in the last 90 days. 11.00% of the stock is currently owned by insiders.

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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