First Allied Advisory Services Inc. Sells 2,702 Shares of Hasbro, Inc. (HAS)
First Allied Advisory Services Inc. cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,393 shares of the company’s stock after selling 2,702 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Hasbro were worth $1,047,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zacks Investment Management grew its stake in shares of Hasbro by 16.7% in the 2nd quarter. Zacks Investment Management now owns 47,076 shares of the company’s stock valued at $5,249,000 after buying an additional 6,747 shares during the period. OxFORD Asset Management LLP increased its holdings in shares of Hasbro by 54.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 124,220 shares of the company’s stock worth $13,852,000 after buying an additional 43,909 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Hasbro by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 436,606 shares of the company’s stock worth $48,683,000 after buying an additional 19,562 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Hasbro by 12.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 224,429 shares of the company’s stock worth $25,026,000 after buying an additional 24,228 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Hasbro by 9.9% during the 2nd quarter. Advisor Group Inc. now owns 23,348 shares of the company’s stock worth $2,588,000 after buying an additional 2,109 shares during the last quarter. 77.79% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro, Inc. (HAS) opened at 97.65 on Tuesday. The firm has a market cap of $12.21 billion, a PE ratio of 21.15 and a beta of 0.92. The stock’s 50 day moving average is $95.82 and its 200 day moving average is $102.00. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $972.51 million for 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 company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. On average, analysts anticipate that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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Several brokerages recently weighed in on HAS. DA Davidson reiterated a “buy” rating and issued a $121.00 price objective (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and set a $125.00 target price on shares of Hasbro in a research note on Friday, July 21st. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 price target (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.84.
In related news, Director Alan G. Hassenfeld sold 99,615 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total transaction of $9,701,504.85. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total transaction of $146,355.00. Following the sale, the executive vice president now directly owns 39,125 shares of the company’s stock, valued at $3,817,426.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,423,264 shares of company stock valued at $145,144,664. Corporate insiders own 11.00% of the company’s stock.
Hasbro Company Profile
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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