Aviva PLC Cuts Stake in Hasbro, Inc. (HAS)

Aviva PLC lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,548 shares of the company’s stock after selling 1,639 shares during the period. Aviva PLC’s holdings in Hasbro were worth $5,839,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in Hasbro by 75.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock valued at $12,624,000 after purchasing an additional 58,710 shares in the last quarter. Campbell Newman Asset Management Inc. grew its holdings in Hasbro by 25.6% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 177,846 shares of the company’s stock valued at $18,695,000 after purchasing an additional 36,262 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in Hasbro by 86.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 20,842 shares of the company’s stock valued at $1,924,000 after purchasing an additional 9,656 shares in the last quarter. Burney Co. grew its holdings in Hasbro by 15.1% during the 2nd quarter. Burney Co. now owns 38,805 shares of the company’s stock valued at $3,582,000 after purchasing an additional 5,102 shares in the last quarter. Finally, FMR LLC grew its holdings in Hasbro by 50.9% during the 2nd quarter. FMR LLC now owns 71,531 shares of the company’s stock valued at $6,603,000 after purchasing an additional 24,135 shares in the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Brian Goldner acquired 11,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was bought at an average cost of $91.80 per share, with a total value of $1,009,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alan G. Hassenfeld sold 400,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $97.41, for a total transaction of $38,964,000.00. Following the transaction, the director now directly owns 30,945 shares of the company’s stock, valued at $3,014,352.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 713,570 shares of company stock valued at $69,562,482. 9.90% of the stock is owned by company insiders.

Shares of HAS stock opened at $83.93 on Friday. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90. Hasbro, Inc. has a 1-year low of $79.00 and a 1-year high of $109.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a return on equity of 34.61% and a net margin of 4.31%. Hasbro’s revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 earnings per share. Equities analysts forecast that Hasbro, Inc. will post 4.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, January 31st. Hasbro’s dividend payout ratio is currently 46.15%.

A number of equities research analysts recently weighed in on HAS shares. MKM Partners raised shares of Hasbro from a “neutral” rating to a “buy” rating and raised their price target for the company from $92.00 to $115.00 in a report on Wednesday, August 15th. BidaskClub raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. KeyCorp raised their price target on shares of Hasbro from $118.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, October 15th. Finally, SunTrust Banks lowered their price target on shares of Hasbro to $96.00 and set a “hold” rating for the company in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $105.33.

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About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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