Hasbro, Inc. (HAS) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 69,471 shares of the company’s stock after buying an additional 210 shares during the period. Advisors Asset Management Inc.’s holdings in Hasbro were worth $7,747,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Hasbro by 1,141.5% in the first 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 during the last quarter. Lansdowne Partners UK LLP boosted its stake in shares of Hasbro by 71.2% in the first 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock valued at $1,216,486,000 after buying an additional 622,946 shares during the last quarter. FMR LLC boosted its stake in shares of Hasbro by 88.1% in the first quarter. FMR LLC now owns 1,236,058 shares of the company’s stock valued at $123,383,000 after buying an additional 578,781 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Hasbro during the first quarter valued at $56,076,000. 79.23% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro, Inc. (HAS) opened at 98.33 on Wednesday. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The stock’s 50 day moving average price is $107.78 and its 200-day moving average price is $101.91. The company has a market capitalization of $12.30 billion, a P/E ratio of 21.30 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. Equities analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.32%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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Several brokerages recently weighed in on HAS. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 price target (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.69.
In related news, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.69, for a total value of $21,735,782.64. Following the completion of the transaction, the chief executive officer now owns 354,891 shares of the company’s stock, valued at approximately $37,508,429.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. In the last three months, insiders sold 967,258 shares of company stock valued at $101,532,888. 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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