Opus Investment Management Inc. Sells 6,000 Shares of Hasbro, Inc. (HAS)
Opus Investment Management Inc. decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,500 shares of the company’s stock after selling 6,000 shares during the period. Opus Investment Management Inc.’s holdings in Hasbro were worth $1,847,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of HAS. State Street Corp increased its stake in shares of Hasbro by 5.5% in the fourth quarter. State Street Corp now owns 4,963,557 shares of the company’s stock worth $386,116,000 after buying an additional 259,928 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Hasbro by 11.4% in the fourth quarter. Janus Capital Management LLC now owns 2,924,830 shares of the company’s stock worth $227,523,000 after buying an additional 299,843 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Hasbro by 7.1% in the first quarter. Wells Fargo & Company MN now owns 2,741,570 shares of the company’s stock worth $273,664,000 after buying an additional 182,384 shares during the last quarter. FMR LLC increased 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 worth $123,383,000 after buying an additional 578,781 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Hasbro during the fourth quarter worth about $75,931,000. 79.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded up 0.60% on Friday, reaching $109.64. 1,322,217 shares of the company traded hands. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $111.01. The company has a 50-day moving average of $103.67 and a 200-day moving average of $94.36. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 24.37 and a beta of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, April 24th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $849.70 million for the quarter, compared to analyst estimates of $818.27 million. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. Analysts anticipate that Hasbro, Inc. will post $4.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, July 28th. This represents a $2.28 annualized dividend and a yield of 2.08%. Hasbro’s dividend payout ratio is presently 50.67%.
HAS has been the subject of a number of recent research reports. Wells Fargo & Company reissued a “market perform” rating on shares of Hasbro in a research report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. BMO Capital Markets reissued a “hold” rating and set a $86.00 price objective on shares of Hasbro in a research report on Thursday, April 13th. DA Davidson reissued a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research report on Tuesday, May 23rd. Finally, Citigroup Inc. boosted their price objective on shares of Hasbro from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $105.76.
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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