Hasbro Inc. (HAS) Position Increased by Westpac Banking Corp
Westpac Banking Corp raised its position in shares of Hasbro Inc. (NASDAQ:HAS) by 1,641.4% during the second quarter, Holdings Channel reports. The fund owned 70,510 shares of the company’s stock after buying an additional 66,461 shares during the period. Westpac Banking Corp owned approximately 0.06% of Hasbro worth $5,396,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Hasbro during the fourth quarter worth $76,832,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Hasbro by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 95,478 shares of the company’s stock worth $7,647,000 after buying an additional 4,313 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Hasbro by 13.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,752 shares of the company’s stock worth $2,063,000 after buying an additional 3,116 shares during the period. Exxonmobil Investment Management Inc. TX increased its stake in shares of Hasbro by 8.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 27,346 shares of the company’s stock worth $2,190,000 after buying an additional 2,206 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Hasbro by 5.8% in the first quarter. Sigma Planning Corp now owns 5,916 shares of the company’s stock worth $474,000 after buying an additional 326 shares during the period. 76.78% of the stock is currently owned by institutional investors.
Shares of Hasbro Inc. (NASDAQ:HAS) traded up 1.12% on Wednesday, reaching $78.24. The company’s stock had a trading volume of 51,518 shares. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 20.50 and a beta of 1.11. Hasbro Inc. has a 52 week low of $64.91 and a 52 week high of $88.53. The stock has a 50-day moving average of $80.79 and a 200 day moving average of $82.54.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 18th. The company reported $0.41 EPS for the quarter, topping the Zacks’ 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 company earned $878.90 million during the quarter, compared to the consensus estimate of $858.97 million. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect that Hasbro Inc. will post $4.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a $0.51 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.64%. Hasbro’s dividend payout ratio is currently 53.40%.
HAS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Barclays PLC lowered their price target 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 target for the company in a report on Monday, June 13th. Piper Jaffray Cos. downgraded Hasbro from an “overweight” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Thursday, May 26th. They noted that the move was a valuation call. Finally, MKM Partners reiterated a “hold” rating and issued a $84.00 price target on shares of Hasbro in a report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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