Investment Centers of America Inc. acquired a new position in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,179 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds also recently bought and sold shares of HAS. Acadian Asset Management LLC increased its position in shares of 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 purchasing an additional 1,392 shares during the last quarter. Suntrust Banks Inc. grew its position in Hasbro by 3.3% during the first quarter. Suntrust Banks Inc. now owns 5,947 shares of the company’s stock valued at $593,000 after acquiring an additional 192 shares during the last quarter. Comerica Bank grew its position in Hasbro by 2.0% during the first quarter. Comerica Bank now owns 33,860 shares of the company’s stock valued at $3,403,000 after acquiring an additional 657 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Hasbro by 10.1% during the first quarter. UBS Asset Management Americas Inc. now owns 309,361 shares of the company’s stock valued at $30,880,000 after acquiring an additional 28,433 shares during the last quarter. Finally, Sei Investments Co. grew its position in Hasbro by 5.0% during the first quarter. Sei Investments Co. now owns 25,619 shares of the company’s stock valued at $2,557,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors own 77.79% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ HAS) opened at 94.99 on Wednesday. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 20.57 and a beta of 0.92. The stock’s 50 day moving average price is $97.19 and its 200-day moving average price is $102.08. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20.

Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm 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 revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post $5.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend 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%.

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In other Hasbro news, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total value of $27,467.52. Following the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the transaction, the executive vice president now directly owns 28,511 shares in the company, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,423,264 shares of company stock worth $145,144,664. Corporate insiders own 11.00% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Thursday, September 14th. BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Stifel Nicolaus reiterated a “hold” rating on shares of Hasbro in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price target on shares of Hasbro in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $107.27.

Hasbro 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.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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