United Capital Financial Advisors LLC Makes New $467,000 Investment in Hasbro, Inc. $HAS

United Capital Financial Advisors LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,655 shares of the company’s stock, valued at approximately $467,000.

Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro in the second quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro during the 4th quarter worth about $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro during the 2nd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the 1st quarter worth about $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HAS. Bank of America cut their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. UBS Group reiterated a “buy” rating and issued a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Jefferies Financial Group cut their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Finally, DA Davidson reduced their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Insider Transactions at Hasbro

In related news, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the sale, the insider owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This trade represents a 26.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 45,415 shares of company stock worth $4,260,164. Insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $94.10 on Tuesday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a 50-day moving average of $88.40 and a 200-day moving average of $91.15. The company has a market cap of $13.27 billion, a PE ratio of 16.92, a P/E/G ratio of 1.72 and a beta of 0.47. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. On average, equities research analysts predict that Hasbro, Inc. will post 6.18 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s payout ratio is currently 50.36%.

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.