Ameriprise Financial Inc. Grows Position in Hasbro, Inc. (HAS)
Ameriprise Financial Inc. increased its position in Hasbro, Inc. (NASDAQ:HAS) by 308.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,036,952 shares of the company’s stock after buying an additional 782,881 shares during the period. Ameriprise Financial Inc. owned 0.83% of Hasbro worth $115,581,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC acquired a new position in Hasbro in the first quarter worth approximately $119,000. Meeder Asset Management Inc. acquired a new position in Hasbro in the first quarter worth approximately $131,000. Oakworth Capital Inc. increased its holdings in Hasbro by 7.2% in the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Hasbro by 5,800.0% in the first quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock worth $141,000 after buying an additional 1,392 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Hasbro by 7.0% in the first quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.
In related news, Director Alan G. Hassenfeld sold 276 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total transaction of $27,467.52. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,600,250.00. Following the transaction, the executive vice president now directly owns 85,630 shares in the company, valued at $8,906,376.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,423,264 shares of company stock worth $145,144,664. Company insiders own 11.00% of the company’s stock.
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A number of research firms recently commented on HAS. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Thursday. Stifel Nicolaus restated a “hold” rating on shares of Hasbro in a report on Tuesday, September 12th. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Thursday, August 31st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.27.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 94.84 on Friday. The stock has a 50 day moving average of $97.86 and a 200 day moving average of $102.06. The firm has a market cap of $11.86 billion, a P/E ratio of 20.54 and a beta of 0.92. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $974.19 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 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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