Chevy Chase Trust Holdings Inc. Boosts Stake in Hasbro, Inc. (HAS)
Chevy Chase Trust Holdings Inc. grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,274 shares of the company’s stock after acquiring an additional 2,353 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.08% of Hasbro worth $9,696,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of HAS. Janus Henderson Group PLC boosted its position in shares of Hasbro by 13,379.9% in the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock valued at $214,980,000 after acquiring an additional 1,913,599 shares during the period. Principal Financial Group Inc. boosted its position in shares of Hasbro by 311.6% in the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after acquiring an additional 1,648,675 shares during the period. FMR LLC boosted its position in shares of Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after acquiring an additional 868,073 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Hasbro by 308.1% in the second quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after acquiring an additional 782,881 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after acquiring an additional 700,898 shares during the period. 79.83% of the stock is owned by institutional investors.
Hasbro, Inc. (NASDAQ HAS) opened at $95.87 on Friday. The company has a market capitalization of $12,030.00, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.84 and a beta of 0.86. Hasbro, Inc. has a 12-month low of $77.20 and a 12-month high of $116.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.03 earnings per share. Hasbro’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts predict that Hasbro, Inc. will post 5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.38%. Hasbro’s dividend payout ratio is currently 48.61%.
HAS has been the subject of several research reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Thursday, August 17th. Jefferies Group set a $125.00 target price on Hasbro and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub cut Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $112.00 target price on shares of Hasbro in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Hasbro in a research report on Tuesday, September 12th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $105.99.
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Hasbro Company Profile
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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