Bristol County Savings Bank Sells 4,969 Shares of Hasbro, Inc. (HAS)
Bristol County Savings Bank cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 27.6% in the 4th quarter, Holdings Channel reports. The firm owned 13,067 shares of the company’s stock after selling 4,969 shares during the period. Bristol County Savings Bank’s holdings in Hasbro were worth $1,188,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its position in shares of Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after acquiring an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $155,000. Highstreet Asset Management Inc. lifted its position in shares of Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $229,000. 79.44% of the stock is owned by institutional investors and hedge funds.
HAS has been the topic of several research reports. Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Thursday, September 28th. UBS Group set a $104.00 price objective on shares of Hasbro and gave the company a “hold” rating in a research note on Monday, November 13th. DA Davidson set a $124.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $105.81.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $2.03 EPS. Hasbro’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts anticipate that Hasbro, Inc. will post 5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.51%. Hasbro’s dividend payout ratio (DPR) is 48.61%.
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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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