Hasbro, Inc. (HAS) Shares Sold by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,889 shares of the company’s stock after selling 115 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Hasbro were worth $322,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its holdings in Hasbro by 128.5% during the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock valued at $24,198,000 after buying an additional 122,023 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Hasbro by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock valued at $65,125,000 after buying an additional 37,803 shares in the last quarter. Prudential Financial Inc. grew its holdings in Hasbro by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock valued at $21,752,000 after buying an additional 2,500 shares in the last quarter. Federated Investors Inc. PA grew its holdings in Hasbro by 121.6% during the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock valued at $646,000 after buying an additional 3,181 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Hasbro by 16.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 85,686 shares of the company’s stock valued at $9,555,000 after buying an additional 12,246 shares in the last quarter. Institutional investors and hedge funds own 77.66% of the company’s stock.
HAS has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $125.00 price target on shares of Hasbro in a report on Thursday, August 31st. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus lowered their price objective on Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research note on Monday. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Hasbro currently has an average rating of “Hold” and an average price target of $107.18.
In related news, CEO Brian Goldner sold 205,656 shares of the stock in a transaction that occurred on 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 directly owns 354,891 shares in the company, valued at $37,508,429.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction that occurred on 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 owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock valued at $145,144,664 over the last quarter. 11.00% of the stock is currently owned by company insiders.
Shares of Hasbro, Inc. (NASDAQ HAS) traded down 0.37% during midday trading on Tuesday, hitting $96.77. The company had a trading volume of 39,774 shares. Hasbro, Inc. has a 12 month low of $77.20 and a 12 month high of $116.20. The company has a 50-day moving average of $95.97 and a 200-day moving average of $101.81. The company has a market capitalization of $12.10 billion, a PE ratio of 20.96 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The company 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%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. Analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.35%. Hasbro’s payout ratio is 49.35%.
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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