Hasbro, Inc. (NASDAQ:HAS) Position Held by Opus Investment Management Inc.
Opus Investment Management Inc. maintained its stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The fund owned 18,500 shares of the company’s stock at the end of the second quarter. Opus Investment Management Inc.’s holdings in Hasbro were worth $2,063,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of HAS. Acrospire Investment Management LLC raised its stake in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. raised its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC purchased a new stake in Hasbro during the first quarter valued at approximately $119,000. Finally, Meeder Asset Management Inc. purchased a new stake in Hasbro during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 78.34% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) opened at 103.49 on Friday. The company has a 50-day moving average of $110.57 and a 200 day moving average of $100.83. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20. The company has a market capitalization of $12.96 billion, a P/E ratio of 22.41 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same period in the previous year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Hasbro, Inc. will post $5.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.20%. Hasbro’s payout ratio is 49.35%.
Several research firms have commented on HAS. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. DA Davidson reiterated a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Friday, July 21st. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Hasbro presently has an average rating of “Buy” and a consensus price target of $106.69.
In related news, EVP Barbara Finigan sold 23,483 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the sale, the executive vice president now directly owns 32,345 shares in the company, valued at $3,438,273.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the sale, the executive vice president now owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The disclosure for this sale can be found here. Insiders have sold 814,917 shares of company stock valued at $86,222,617 over the last three months. 11.00% of the stock is owned by corporate insiders.
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.
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