Mitsubishi UFJ Trust & Banking Corp Has $3.72 Million Stake in Hasbro, Inc. (NASDAQ:HAS)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 132.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 66,600 shares of the company’s stock after purchasing an additional 37,901 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hasbro were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. American Trust bought a new position in shares of Hasbro during the third quarter worth approximately $634,000. Jones Financial Companies Lllp grew its position in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares in the last quarter. Capital Wealth Management LLC acquired a new position in Hasbro in the 4th quarter valued at $496,000. Wellington Management Group LLP bought a new stake in shares of Hasbro during the 3rd quarter valued at $3,080,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after purchasing an additional 5,778 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Performance

Shares of Hasbro stock opened at $61.49 on Tuesday. The company has a market cap of $8.58 billion, a P/E ratio of 22.36, a PEG ratio of 0.60 and a beta of 0.51. The business has a 50-day moving average price of $61.26 and a two-hundred day moving average price of $63.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1-year low of $54.26 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

Analysts Set New Price Targets

HAS has been the subject of a number of analyst reports. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson lifted their price target on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

About Hasbro

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.