Tobam Has $4.10 Million Stake in Hasbro, Inc. (HAS)
Tobam lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 46.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,759 shares of the company’s stock after selling 31,258 shares during the period. Tobam’s holdings in Hasbro were worth $4,099,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Hasbro by 13.0% in the second quarter. Pacer Advisors Inc. now owns 3,892 shares of the company’s stock valued at $434,000 after buying an additional 449 shares in the last quarter. Utah Retirement Systems increased its stake in Hasbro by 1.5% in the second quarter. Utah Retirement Systems now owns 20,808 shares of the company’s stock valued at $2,321,000 after buying an additional 300 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Hasbro by 18.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,743 shares of the company’s stock valued at $2,982,000 after buying an additional 4,148 shares in the last quarter. USS Investment Management Ltd bought a new stake in Hasbro during the second quarter valued at approximately $21,856,000. Finally, Andra AP fonden increased its stake in Hasbro by 3.1% in the second quarter. Andra AP fonden now owns 42,600 shares of the company’s stock valued at $4,750,000 after buying an additional 1,300 shares in the last quarter. 79.66% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc. (NASDAQ HAS) opened at 95.20 on Monday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 20.62 and a beta of 0.90. The company has a 50 day moving average price of $104.46 and a 200 day moving average price of $102.30. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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HAS has been the subject of several analyst reports. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. DA Davidson reaffirmed a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research note on Tuesday, May 23rd. Jefferies Group LLC initiated coverage on Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 price objective for the company. Argus began coverage on Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price objective for the company. Finally, BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $105.69.
In other news, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the sale, the president now owns 105,615 shares in the company, valued at approximately $10,013,358.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Goldner sold 205,656 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the sale, the chief executive officer now owns 354,891 shares of the company’s stock, valued at approximately $37,508,429.79. The disclosure for this sale can be found here. In the last three months, insiders sold 993,192 shares of company stock valued at $103,992,990. 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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