Voya Investment Management LLC Sells 8,453 Shares of Hasbro, Inc. $HAS

Voya Investment Management LLC reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,707 shares of the company’s stock after selling 8,453 shares during the period. Voya Investment Management LLC’s holdings in Hasbro were worth $2,253,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Czech National Bank grew its stake in Hasbro by 5.1% in the 3rd quarter. Czech National Bank now owns 33,835 shares of the company’s stock valued at $2,566,000 after buying an additional 1,638 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Hasbro by 760.8% during the third quarter. Assenagon Asset Management S.A. now owns 213,662 shares of the company’s stock worth $16,206,000 after acquiring an additional 188,841 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Hasbro in the third quarter valued at approximately $277,000. Nilsine Partners LLC increased its position in Hasbro by 82.9% during the 3rd quarter. Nilsine Partners LLC now owns 24,547 shares of the company’s stock worth $1,862,000 after buying an additional 11,128 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in Hasbro during the third quarter worth about $961,000. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of analyst reports. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Bank of America increased their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley restated an “overweight” rating and set a $94.00 price objective on shares of Hasbro in a research report on Sunday, December 14th. Citigroup upped their target price on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Roth Capital set a $96.00 price target on Hasbro and gave the company a “buy” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.92.

Hasbro Stock Up 1.1%

Shares of NASDAQ:HAS opened at $82.56 on Monday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $85.14. The company has a market capitalization of $11.59 billion, a PE ratio of -20.59, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The company has a fifty day moving average of $79.39 and a 200-day moving average of $77.27.

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

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is -69.83%.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is currently owned by corporate insiders.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.