1,500 Shares in Hasbro, Inc. (HAS) Acquired by Paradigm Asset Management Co. LLC
Paradigm Asset Management Co. LLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $167,000.
Several other large investors also recently made changes to their positions in HAS. Blue Chip Partners Inc. raised its position in shares of Hasbro by 1.2% in the second quarter. Blue Chip Partners Inc. now owns 28,125 shares of the company’s stock valued at $3,136,000 after buying an additional 328 shares during the last quarter. Aviva PLC raised its position in shares of Hasbro by 1.3% in the second quarter. Aviva PLC now owns 71,078 shares of the company’s stock valued at $7,927,000 after buying an additional 880 shares during the last quarter. Twin Capital Management Inc. acquired a new position in shares of Hasbro during the second quarter valued at approximately $1,923,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Hasbro by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 319,479 shares of the company’s stock valued at $35,625,000 after buying an additional 5,837 shares during the last quarter. Finally, GAM Holding AG raised its position in shares of Hasbro by 4.6% in the second quarter. GAM Holding AG now owns 7,417 shares of the company’s stock valued at $827,000 after buying an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 79.66% of the company’s stock.
Shares of Hasbro, Inc. (HAS) opened at 94.83 on Wednesday. The firm has a 50-day moving average price of $104.46 and a 200 day moving average price of $102.30. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 20.54 and a beta of 0.90. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million for the quarter, compared to analysts’ expectations of $974.19 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. Hasbro’s dividend payout ratio is currently 49.35%.
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Several research analysts have recently commented on the company. DA Davidson reissued a “buy” rating and set a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and set a $125.00 price objective on shares of Hasbro in a report on Friday, July 21st. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $105.40.
In other news, Director Alan G. Hassenfeld sold 17,834 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $95.30, for a total value of $1,699,580.20. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $2,777,042. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President John Frascotti sold 25,658 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total value of $2,432,634.98. Following the completion of the sale, the president now directly owns 105,615 shares in the company, valued at $10,013,358.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,011,026 shares of company stock worth $105,692,570. Insiders own 11.00% of the company’s stock.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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