Hasbro, Inc. (HAS) Shares Bought by LLBH Private Wealth Management LLC
LLBH Private Wealth Management LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 30.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,198 shares of the company’s stock after buying an additional 1,461 shares during the period. LLBH Private Wealth Management LLC’s holdings in Hasbro were worth $691,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wisconsin Investment Board increased its position in shares of Hasbro by 32.4% in the second quarter. State of Wisconsin Investment Board now owns 101,290 shares of the company’s stock worth $11,295,000 after buying an additional 24,780 shares during the last quarter. WASHINGTON TRUST Co bought a new position in shares of Hasbro during the second quarter worth about $211,000. LMR Partners LLP bought a new position in shares of Hasbro during the second quarter worth about $874,000. Dupont Capital Management Corp bought a new position in shares of Hasbro during the second quarter worth about $2,884,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Hasbro by 66.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 112,437 shares of the company’s stock worth $12,538,000 after buying an additional 44,986 shares during the last quarter. 79.23% of the stock is currently owned by institutional investors and hedge funds.
Hasbro, Inc. (HAS) opened at 98.24 on Tuesday. The company has a 50-day moving average of $108.16 and a 200-day moving average of $101.80. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The company has a market cap of $12.29 billion, a PE ratio of 21.28 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that Hasbro, Inc. will post $5.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.32%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus restated a “hold” rating and set a $108.00 target price on shares of Hasbro in a report on Thursday, August 3rd. DA Davidson restated a “buy” rating and set a $121.00 target price (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and set a $125.00 target price on shares of Hasbro in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $106.69.
In other Hasbro news, EVP Thomas J. Jr. Courtney sold 23,201 shares of Hasbro stock in a transaction dated Thursday, July 27th. The stock was 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 owns 28,511 shares in the company, valued at $3,036,706.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Barbara Finigan sold 23,483 shares of Hasbro stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total value 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 approximately $3,438,273.50. The disclosure for this sale can be found here. Insiders sold 967,258 shares of company stock worth $101,532,888 in the last quarter. 11.00% of the stock is owned by insiders.
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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