Andra AP fonden Has $4.75 Million Position in Hasbro, Inc. (HAS)
Andra AP fonden raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,600 shares of the company’s stock after buying an additional 1,300 shares during the period. Andra AP fonden’s holdings in Hasbro were worth $4,750,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock worth $1,216,486,000 after buying an additional 622,946 shares during the period. BlackRock Inc. increased its position in Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock worth $916,321,000 after buying an additional 8,440,294 shares during the period. Bank of America Corp DE increased its position in Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock worth $546,431,000 after buying an additional 127,849 shares during the period. State Street Corp increased its position in Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock worth $500,457,000 after buying an additional 49,888 shares during the period. Finally, Lansdowne Partners UK LLP increased its position in Hasbro by 71.2% in the first quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock worth $239,369,000 after buying an additional 997,698 shares during the period. 79.66% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 94.63 on Tuesday. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The firm has a 50-day moving average of $104.46 and a 200 day moving average of $102.30. The firm has a market cap of $11.84 billion, a PE ratio of 20.50 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The business had revenue of $972.51 million during 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Equities research analysts predict that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.41%. Hasbro’s dividend payout ratio is currently 49.35%.
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A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research report on Monday, June 19th. DA Davidson reissued a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research report on Tuesday, May 23rd. Argus assumed coverage on shares of Hasbro in a research report on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective for the company. Finally, BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $105.40.
In related news, EVP Wiebe Tinga sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,630 shares in the company, valued at approximately $8,906,376.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction that occurred 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 owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 993,192 shares of company stock valued at $103,992,990. 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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