Hasbro Inc. (HAS) Shares Sold by Portland Global Advisors LLC
Portland Global Advisors LLC reduced its stake in shares of Hasbro Inc. (NASDAQ:HAS) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 37,185 shares of the company’s stock after selling 745 shares during the period. Hasbro accounts for about 1.4% of Portland Global Advisors LLC’s portfolio, making the stock its 9th largest position. Portland Global Advisors LLC’s holdings in Hasbro were worth $3,123,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Scotia Capital Inc. bought a new stake in Hasbro during the first quarter valued at approximately $204,000. Cleararc Capital Inc. bought a new stake in Hasbro during the first quarter valued at approximately $219,000. Conning Inc. increased its stake in Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock valued at $224,000 after buying an additional 10 shares in the last quarter. Albert D Mason Inc. increased its stake in Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock valued at $241,000 after buying an additional 20 shares in the last quarter. Finally, BLB&B Advisors LLC increased its stake in Hasbro by 7.6% in the second quarter. BLB&B Advisors LLC now owns 3,124 shares of the company’s stock valued at $262,000 after buying an additional 220 shares in the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro Inc. (NASDAQ:HAS) traded up 0.54% during midday trading on Thursday, reaching $79.40. The company’s stock had a trading volume of 724,850 shares. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53. The stock has a market capitalization of $9.96 billion, a PE ratio of 20.81 and a beta of 1.11. The stock’s 50 day moving average is $80.75 and its 200 day moving average is $82.52.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $878.90 million for the quarter, compared to analysts’ expectations of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, analysts forecast that Hasbro Inc. will post $4.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.57%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $85.90 target price on the stock in a research report on Monday, September 12th. Barclays PLC dropped their target price on Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Piper Jaffray Cos. upgraded Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price on the stock in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Jefferies Group boosted their target price on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus target price of $86.41.
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.
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