Hasbro (HAS) Shareholder Ferguson Wellman Capital Management INC Has Lowered Its Holding as Market Valuation Declined

April 17, 2018 - By Marie Mckinney

Hasbro, Inc. (NASDAQ:HAS) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.08, from 1.1 in 2017Q3. It fall, as 50 investors sold HAS shares while 183 reduced holdings. 76 funds opened positions while 161 raised stakes. 97.15 million shares or 0.10% less from 97.25 million shares in 2017Q3 were reported. The Ontario – Canada-based Kj Harrison And Ptnrs Inc has invested 0.31% in Hasbro, Inc. (NASDAQ:HAS). Nikko Asset Americas Inc holds 0% or 1,200 shares. Bp Public Llc stated it has 0.04% in Hasbro, Inc. (NASDAQ:HAS). Moreover, Cwm Lc has 0% invested in Hasbro, Inc. (NASDAQ:HAS). Bancorporation Of America Corporation De holds 2.82M shares. Pub Sector Pension Invest Board has 0.01% invested in Hasbro, Inc. (NASDAQ:HAS). Raymond James Trust Na accumulated 5,361 shares or 0.03% of the stock. Leavell Invest holds 0.19% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 17,360 shares. State Bank Of Mellon Corporation, New York-based fund reported 1.25 million shares. Girard Ptnrs Ltd accumulated 8,799 shares or 0.15% of the stock. California Pub Employees Retirement invested in 0.03% or 284,771 shares. Price T Rowe Assoc Md has 0% invested in Hasbro, Inc. (NASDAQ:HAS) for 215,590 shares. Moreover, Hbk Sorce Advisory Limited Com has 0.08% invested in Hasbro, Inc. (NASDAQ:HAS). Rockefeller Fincl Services has 143 shares. Ipg Advsr Ltd Company has 0.16% invested in Hasbro, Inc. (NASDAQ:HAS) for 4,325 shares.

Since February 20, 2018, it had 0 insider purchases, and 12 sales for $42.72 million activity. 20,408 shares valued at $2.00M were sold by Finigan Barbara on Friday, February 23. $384,382 worth of Hasbro, Inc. (NASDAQ:HAS) shares were sold by Tinga Wiebe. $460,427 worth of stock was sold by Johnson Dolph on Wednesday, February 28. $4.62 million worth of stock was sold by Frascotti John on Friday, February 23. Thomas Deborah sold 6,000 shares worth $578,009. 308,164 shares were sold by GOLDNER BRIAN, worth $29.88M on Thursday, February 22.

Ferguson Wellman Capital Management Inc decreased its stake in Hasbro (HAS) by 40.34% based on its latest 2017Q4 regulatory filing with the SEC. Ferguson Wellman Capital Management Inc sold 125,758 shares as the company’s stock declined 10.13% with the market. The institutional investor held 185,996 shares of the consumer non-durables company at the end of 2017Q4, valued at $16.91 million, down from 311,754 at the end of the previous reported quarter. Ferguson Wellman Capital Management Inc who had been investing in Hasbro for a number of months, seems to be less bullish one the $10.76B market cap company. The stock decreased 2.25% or $1.98 during the last trading session, reaching $86.06. About 1.36 million shares traded. Hasbro, Inc. (NASDAQ:HAS) has declined 15.12% since April 17, 2017 and is downtrending. It has underperformed by 26.67% the S&P500.

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.90B US Long portfolio, upped its stake in Edison International (NYSE:EIX) by 49,376 shares to 337,647 shares, valued at $21.35M in 2017Q4, according to the filing.

Analysts await Hasbro, Inc. (NASDAQ:HAS) to report earnings on April, 23. They expect $0.40 earnings per share, down 6.98 % or $0.03 from last year’s $0.43 per share. HAS’s profit will be $50.02M for 53.79 P/E if the $0.40 EPS becomes a reality. After $2.30 actual earnings per share reported by Hasbro, Inc. for the previous quarter, Wall Street now forecasts -82.61 % negative EPS growth.

Hasbro, Inc. (NASDAQ:HAS) Ratings Coverage

Among 12 analysts covering Hasbro (NASDAQ:HAS), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Hasbro had 27 analyst reports since October 24, 2017 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Market Perform” on Tuesday, October 24. As per Thursday, March 22, the company rating was maintained by KeyBanc Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, January 30. BMO Capital Markets maintained Hasbro, Inc. (NASDAQ:HAS) rating on Thursday, March 8. BMO Capital Markets has “Market Perform” rating and $96 target. The firm has “Buy” rating by Jefferies given on Thursday, March 15. FBR Capital maintained Hasbro, Inc. (NASDAQ:HAS) on Monday, March 12 with “Buy” rating. The firm has “Overweight” rating given on Thursday, February 8 by KeyBanc Capital Markets. On Wednesday, February 28 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock has “Buy” rating by Jefferies on Friday, November 3. KeyBanc Capital Markets maintained the shares of HAS in report on Monday, October 23 with “Buy” rating.

Hasbro, Inc. (NASDAQ:HAS) Institutional Positions Chart

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