Ferguson Wellman Capital Management INC Trimmed Stake in Hasbro (HAS) by $11.32 Million as Share Value Declined

May 21, 2018 - By Nellie Frank

Hasbro, Inc. (NASDAQ:HAS) LogoInvestors sentiment decreased to 1.02 in 2017 Q4. Its down 0.08, from 1.1 in 2017Q3. It is negative, 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. 193,324 are held by California State Teachers Retirement Systems. Fmr Lc holds 0% or 47,450 shares. Srb holds 2,104 shares. 45,204 were accumulated by Ngam Advisors L P. 602,860 were accumulated by Deutsche National Bank Ag. Jackson Wealth Mngmt holds 0.49% or 20,374 shares. Oppenheimer Asset has invested 0.08% in Hasbro, Inc. (NASDAQ:HAS). Robeco Institutional Asset Management Bv owns 21,519 shares for 0.01% of their portfolio. Oakworth Capital Inc invested in 1,112 shares or 0.02% of the stock. Tci Wealth Advisors invested 0% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Legal General Group Incorporated Pcl owns 626,931 shares. Moreover, Hbk Investments Limited Partnership has 0.11% invested in Hasbro, Inc. (NASDAQ:HAS) for 129,360 shares. Focused Wealth Mgmt holds 10 shares or 0% of its portfolio. Metropolitan Life Insur New York stated it has 0.03% in Hasbro, Inc. (NASDAQ:HAS). Argent Trust Com invested in 0.11% or 3,145 shares.

Since February 20, 2018, it had 0 buys, and 12 sales for $42.72 million activity. GOLDNER BRIAN sold $29.88M worth of Hasbro, Inc. (NASDAQ:HAS) on Thursday, February 22. $1.45 million worth of Hasbro, Inc. (NASDAQ:HAS) shares were sold by Billing Duncan. Tinga Wiebe sold $1.07M worth of stock or 11,099 shares. Shares for $578,009 were sold by Thomas Deborah. Davis Stephen J sold $1.08 million worth of stock. $460,427 worth of stock was sold by Johnson Dolph on Wednesday, February 28.

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 $16.91M, 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 $11.08 billion market cap company. The stock increased 0.05% or $0.04 during the last trading session, reaching $88.71. About 823,786 shares traded. Hasbro, Inc. (NASDAQ:HAS) has declined 15.12% since May 21, 2017 and is downtrending. It has underperformed by 26.67% the S&P500.

Ferguson Wellman Capital Management Inc, which manages about $3.83B and $2.90B US Long portfolio, upped its stake in Health Care Select Sector Spdr (XLV) by 127,515 shares to 134,508 shares, valued at $11.12M in 2017Q4, according to the filing.

Analysts await Hasbro, Inc. (NASDAQ:HAS) to report earnings on July, 23. They expect $0.40 EPS, down 24.53 % or $0.13 from last year’s $0.53 per share. HAS’s profit will be $49.97 million for 55.44 P/E if the $0.40 EPS becomes a reality. After $0.10 actual EPS reported by Hasbro, Inc. for the previous quarter, Wall Street now forecasts 300.00 % EPS growth.

More notable recent Hasbro, Inc. (NASDAQ:HAS) news were published by: Globes.Co.Il which released: “Nasdaq exec: 5 Israeli cos set for IPOs” on May 15, 2018, also Nasdaq.com with their article: “Stocks are Flashing a Lot of Warning Signs” published on May 15, 2018, Businesswire.com published: “Hasbro Trademarks a Favorite Smell from Childhood: The PLAY-DOH Scent” on May 18, 2018. More interesting news about Hasbro, Inc. (NASDAQ:HAS) were released by: Streetinsider.com and their article: “MiMedx Group (MDXG) Receives NASDAQ Notice of Late Form 10-Q Filing” published on May 18, 2018 as well as Nasdaq.com‘s news article titled: “Nasdaq Climbs To Best Intraday Level In Over A Month – US Commentary” with publication date: May 10, 2018.

Hasbro, Inc. (NASDAQ:HAS) Ratings Coverage

Among 13 analysts covering Hasbro (NASDAQ:HAS), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Hasbro has $123.0 highest and $21 lowest target. $93.08’s average target is 4.93% above currents $88.71 stock price. Hasbro had 27 analyst reports since November 27, 2017 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Monday, April 23. The stock of Hasbro, Inc. (NASDAQ:HAS) has “Buy” rating given on Tuesday, April 24 by B. Riley & Co. BMO Capital Markets maintained the stock with “Hold” rating in Monday, November 27 report. The rating was maintained by Jefferies on Thursday, March 15 with “Buy”. The stock of Hasbro, Inc. (NASDAQ:HAS) earned “Buy” rating by FBR Capital on Tuesday, February 20. FBR Capital maintained the shares of HAS in report on Monday, March 12 with “Buy” rating. Stifel Nicolaus maintained Hasbro, Inc. (NASDAQ:HAS) rating on Tuesday, January 30. Stifel Nicolaus has “Hold” rating and $97 target. The firm has “Neutral” rating given on Thursday, March 29 by UBS. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, March 20. KeyBanc Capital Markets maintained it with “Buy” rating and $110.0 target in Thursday, March 22 report.

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

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