Blue Chip Partners Inc. increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,908 shares of the company’s stock after acquiring an additional 783 shares during the period. Blue Chip Partners Inc.’s holdings in Hasbro were worth $2,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HAS. Vanguard Group Inc. grew its position in shares of Hasbro by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after buying an additional 695,231 shares during the last quarter. BlackRock Inc. grew its position in shares of Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Hasbro by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock valued at $308,649,000 after buying an additional 26,350 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hasbro by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after buying an additional 137,568 shares during the last quarter. Finally, FMR LLC grew its position in shares of Hasbro by 70.2% in the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

In other news, EVP Stephen J. Davis sold 937 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.96, for a total value of $88,977.52. Following the completion of the sale, the executive vice president now directly owns 40,888 shares of the company’s stock, valued at $3,882,724.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President John Frascotti sold 25,658 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total value of $2,432,634.98. Following the completion of the sale, the president now directly owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,730 shares of company stock valued at $43,584,309. Company insiders own 11.00% of the company’s stock.

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Shares of Hasbro, Inc. (HAS) traded down $0.85 during trading on Wednesday, hitting $95.98. The stock had a trading volume of 2,382,800 shares, compared to its average volume of 1,364,216. The stock has a market capitalization of $11,840.00, a P/E ratio of 20.65, a PEG ratio of 1.94 and a beta of 0.87. Hasbro, Inc. has a 12-month low of $77.20 and a 12-month high of $116.20. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 earnings per share. equities analysts expect that Hasbro, Inc. will post 5 EPS for the current fiscal year.

HAS has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. DA Davidson restated a “buy” rating and set a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and set a $108.00 target price on shares of Hasbro in a research report on Thursday, August 3rd. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $106.69.

Hasbro Profile

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.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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