First National Trust Co Sells 2,084 Shares of Hasbro, Inc. $HAS

First National Trust Co lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,246 shares of the company’s stock after selling 2,084 shares during the quarter. First National Trust Co’s holdings in Hasbro were worth $830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in shares of Hasbro by 0.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock worth $2,490,000 after acquiring an additional 167 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Hasbro by 1.3% in the 2nd quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock worth $981,000 after acquiring an additional 170 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Hasbro by 18.3% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after acquiring an additional 202 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Hasbro by 0.9% in the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company’s stock worth $1,708,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $77.94 on Wednesday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The business has a fifty day simple moving average of $76.90 and a two-hundred day simple moving average of $71.86. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19. The company has a market capitalization of $10.93 billion, a P/E ratio of -19.44, a P/E/G ratio of 1.00 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.73 earnings per share. On average, analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is currently -69.83%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. DA Davidson upped their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Citigroup upped their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research note on Friday. Finally, Monness Crespi & Hardt boosted their price target on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.18.

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,359 shares of company stock worth $2,970,828 over the last quarter. 0.85% of the stock is currently owned by company insiders.

Hasbro Company Profile

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.