Capital Wealth Planning LLC Has $8.41 Million Stock Position in Hasbro, Inc. $HAS

Capital Wealth Planning LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 116.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,547 shares of the company’s stock after acquiring an additional 55,169 shares during the period. Capital Wealth Planning LLC’s holdings in Hasbro were worth $8,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after purchasing an additional 114 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after purchasing an additional 137 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after purchasing an additional 137 shares in the last quarter. United Capital Financial Advisors LLC grew its holdings in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Hasbro by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS stock opened at $82.29 on Thursday. The stock’s fifty day simple moving average is $91.37 and its 200 day simple moving average is $90.23. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of -49.57, a P/E/G ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a one year low of $67.11 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.Hasbro’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, analysts expect that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s payout ratio is currently -168.67%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAS. The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Bank of America lifted their price objective on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup decreased their price objective on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, UBS Group lifted their price objective on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

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.