Ontario Teachers Pension Plan Board Sells 7,641 Shares of Hasbro, Inc. (HAS)
Ontario Teachers Pension Plan Board cut its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 12.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,460 shares of the company’s stock after selling 7,641 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Hasbro were worth $6,073,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Hasbro during the 1st quarter worth about $131,000. Oakworth Capital Inc. raised its stake in shares of Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Hasbro by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after purchasing an additional 108 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth about $167,000. Finally, Invictus RG purchased a new stake in shares of Hasbro during the 1st quarter worth about $182,000. 77.79% of the stock is owned by institutional investors.
In other Hasbro news, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total value of $2,496,242.90. Following the sale, the executive vice president now owns 32,345 shares in the company, valued at $3,438,273.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the sale, the director now owns 29,140 shares in the company, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock worth $145,144,664 in the last 90 days. Corporate insiders own 11.00% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at 97.67 on Friday. The firm has a 50-day moving average price of $97.19 and a 200-day moving average price of $102.08. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 21.15 and a beta of 0.92. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Hasbro’s revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current year.
The firm also recently disclosed 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 of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.33%. Hasbro’s dividend payout ratio is 49.35%.
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A number of equities research analysts have recently weighed in on HAS shares. Jefferies Group LLC started coverage on Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 price target for the company. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. DA Davidson reaffirmed a “buy” rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Friday, July 14th. Finally, Argus started coverage on Hasbro in a research note on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.27.
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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