Cigna Investments Inc. New Has $493,000 Position in Hasbro, Inc. (HAS)
Cigna Investments Inc. New lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,419 shares of the company’s stock after selling 290 shares during the period. Cigna Investments Inc. New’s holdings in Hasbro were worth $493,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Hasbro during the first quarter valued at $119,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Hasbro during the first quarter valued at $131,000. Institutional investors own 79.23% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) opened at 98.33 on Wednesday. The company’s 50-day moving average price is $107.78 and its 200-day moving average price is $101.91. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 21.30 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 announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. Hasbro’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts expect 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. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.32%. Hasbro’s dividend payout ratio is currently 49.35%.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Stifel Nicolaus restated a “hold” rating and set a $107.00 target price (up from $100.00) on shares of Hasbro in a report on Thursday, July 13th. DA Davidson reiterated a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Friday, July 21st. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Hasbro has an average rating of “Hold” and a consensus target price of $106.69.
In other Hasbro news, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the sale, the executive vice president now owns 32,345 shares in the company, valued at $3,438,273.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 152,341 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $100.50, for a total value of $15,310,270.50. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,928,570. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 967,258 shares of company stock valued at $101,532,888. 11.00% of the stock is owned by company insiders.
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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