Hancock Holding Co. Reduces Holdings in Hasbro, Inc. (HAS)
Hancock Holding Co. lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,721 shares of the company’s stock after selling 396 shares during the period. Hancock Holding Co.’s holdings in Hasbro were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. BlackRock Inc. raised its position in shares of Hasbro by 1,141.5% during the 1st quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock valued at $916,321,000 after buying an additional 8,440,294 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Hasbro by 311.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after buying an additional 1,648,675 shares in the last quarter. Lansdowne Partners UK LLP raised its position in shares of Hasbro by 71.2% during the 1st quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock valued at $239,369,000 after buying an additional 997,698 shares in the last quarter. FMR LLC raised its position in shares of Hasbro by 70.2% during the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Hasbro by 308.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after buying an additional 782,881 shares in the last quarter. 77.79% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc. (HAS) opened at 97.67 on Friday. The firm has a 50-day moving average of $97.19 and a 200-day moving average of $102.08. The company has a market capitalization of $12.22 billion, a P/E ratio of 21.15 and a beta of 0.92. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last issued 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 net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Hasbro’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The business also recently declared 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is 49.35%.
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Several analysts have recently issued reports on HAS shares. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. Argus started coverage on shares of Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 target price on the stock. Finally, BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $107.27.
In other news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total value of $2,471,138.51. Following the sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at approximately $3,036,706.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wiebe Tinga sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the sale, the executive vice president now directly owns 85,630 shares in the company, valued at $8,906,376.30. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock worth $145,144,664 over the last three months. 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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