Conning Inc. raised its position in Hasbro Inc. (NASDAQ:HAS) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,670 shares of the company’s stock after buying an additional 10 shares during the period. Conning Inc.’s holdings in Hasbro were worth $224,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in HAS. BlackRock Institutional Trust Company N.A. raised its position in shares of Hasbro by 9.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,223,540 shares of the company’s stock worth $258,206,000 after buying an additional 275,954 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hasbro by 6.7% in the first quarter. Geode Capital Management LLC now owns 985,897 shares of the company’s stock worth $78,821,000 after buying an additional 62,000 shares in the last quarter. BlackRock Group LTD raised its position in shares of Hasbro by 4.6% in the first quarter. BlackRock Group LTD now owns 861,998 shares of the company’s stock worth $69,046,000 after buying an additional 38,116 shares in the last quarter. AXA raised its position in shares of Hasbro by 5.6% in the first quarter. AXA now owns 698,200 shares of the company’s stock worth $55,926,000 after buying an additional 37,100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Hasbro by 15.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 461,214 shares of the company’s stock worth $38,739,000 after buying an additional 61,077 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
Hasbro Inc. (NASDAQ:HAS) traded up 0.05% on Thursday, reaching $80.48. The company’s stock had a trading volume of 951,289 shares. The firm has a 50-day moving average of $80.22 and a 200-day moving average of $82.61. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The company has a market capitalization of $10.09 billion, a PE ratio of 21.09 and a beta of 1.00.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The firm had revenue of $878.90 million for the quarter, compared to analysts’ expectations of $858.97 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Analysts predict that Hasbro Inc. will post $4.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.53%. Hasbro’s dividend payout ratio (DPR) is 53.40%.
HAS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Barclays PLC cut their price objective on Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $89.80 price objective for the company in a report on Monday, June 13th. MKM Partners reiterated a “hold” rating and issued a $84.00 price objective on shares of Hasbro in a report on Tuesday, July 12th. Finally, Jefferies Group upped their price objective on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.90.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro Inc. (NASDAQ:HAS).
Receive News & Ratings for Hasbro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.