Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 79,141 shares of the company’s stock after selling 506 shares during the period. Great West Life Assurance Co. Can’s holdings in Hasbro were worth $8,815,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Pinnacle Bank bought a new stake in Hasbro during the first quarter worth about $139,000. Cullinan Associates Inc. increased its stake in Hasbro by 23.0% in the first quarter. Cullinan Associates Inc. now owns 56,600 shares of the company’s stock worth $5,650,000 after buying an additional 10,600 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in Hasbro during the first quarter worth about $981,000. Fox Run Management L.L.C. increased its stake in Hasbro by 57.5% in the first quarter. Fox Run Management L.L.C. now owns 6,300 shares of the company’s stock worth $629,000 after buying an additional 2,300 shares during the last quarter. Finally, Baldwin Brothers Inc. MA increased its stake in Hasbro by 2.3% in the first quarter. Baldwin Brothers Inc. MA now owns 171,848 shares of the company’s stock worth $17,154,000 after buying an additional 3,870 shares during the last quarter. Institutional investors own 78.23% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) opened at 97.55 on Friday. The company has a 50-day moving average of $108.56 and a 200-day moving average of $101.46. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm 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 company earned $0.41 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.34%. Hasbro’s dividend payout ratio is currently 49.35%.
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A number of research firms have issued reports on HAS. DA Davidson reiterated a “buy” rating and issued a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $107.00 price target (up previously 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, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $106.69.
In other Hasbro news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 28,511 shares in the company, valued at $3,036,706.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the transaction, the executive vice president now owns 32,345 shares in the company, valued at $3,438,273.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 967,258 shares of company stock worth $101,532,888. Corporate 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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