PGGM Investments cut its position in Hasbro Inc. (NASDAQ:HAS) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,889 shares of the company’s stock after selling 27,015 shares during the period. PGGM Investments’ holdings in Hasbro were worth $31,739,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Scotia Capital Inc. acquired a new position in shares of Hasbro during the first quarter worth approximately $204,000. Cleararc Capital Inc. acquired a new position in shares of Hasbro during the first quarter worth approximately $219,000. Albert D Mason Inc. increased its position in shares of Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares during the period. BLB&B Advisors LLC increased its position in shares of Hasbro by 7.6% in the second quarter. BLB&B Advisors LLC now owns 3,124 shares of the company’s stock worth $262,000 after buying an additional 220 shares during the period. Finally, HL Financial Services LLC increased its position in shares of Hasbro by 26.1% in the second quarter. HL Financial Services LLC now owns 3,174 shares of the company’s stock worth $267,000 after buying an additional 656 shares during the period. 76.78% of the stock is owned by institutional investors.
Hasbro Inc. (NASDAQ:HAS) traded up 0.63% during midday trading on Tuesday, reaching $79.87. 1,030,723 shares of the company’s stock traded hands. Hasbro Inc. has a 1-year low of $64.91 and a 1-year high of $88.53. The firm’s 50 day moving average price is $80.57 and its 200-day moving average price is $82.59. The company has a market capitalization of $10.02 billion, a PE ratio of 20.93 and a beta of 1.11.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The company had revenue of $878.90 million for the quarter, compared to the consensus estimate of $858.97 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that Hasbro Inc. will post $4.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
A number of brokerages recently commented on HAS. Vetr downgraded shares of Hasbro from a “buy” rating to a “hold” rating and set a $88.94 price objective for the company. in a research note on Monday, June 20th. Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price objective for the company in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Citigroup Inc. boosted their price objective on shares of Hasbro from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, June 6th. Jefferies Group boosted their price objective on shares of Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Finally, MKM Partners reaffirmed a “hold” rating and set a $84.00 price target on shares of Hasbro in a research report on Tuesday, July 12th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.41.
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.
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