Smithfield Trust Co. Holds Stake in Hasbro, Inc. (HAS)
Smithfield Trust Co. continued to hold its position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,520 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Hasbro were worth $281,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Vanguard Group Inc. raised its stake in Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock valued at $1,216,486,000 after buying an additional 622,946 shares in the last quarter. BlackRock Inc. raised its stake in Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock valued at $916,321,000 after buying an additional 8,440,294 shares in the last quarter. Bank of America Corp DE raised its stake in Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock valued at $546,431,000 after buying an additional 127,849 shares in the last quarter. State Street Corp raised its stake in Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock valued at $500,457,000 after buying an additional 49,888 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Hasbro by 7.1% in the first quarter. Wells Fargo & Company MN now owns 2,741,570 shares of the company’s stock valued at $273,664,000 after buying an additional 182,384 shares in the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.
Shares of Hasbro, Inc. (HAS) opened at 103.49 on Monday. The stock has a market cap of $12.96 billion, a P/E ratio of 22.41 and a beta of 0.90. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20. The company has a 50 day moving average of $110.57 and a 200 day moving average of $100.83.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities research analysts expect that Hasbro, Inc. will post $5.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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HAS has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and set a $118.00 target price on shares of Hasbro in a research note on Tuesday, May 23rd. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Monday, May 22nd. Jefferies Group LLC initiated coverage on shares of Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 target price for the company. Argus initiated coverage on shares of Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 target price for the company. Finally, BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $106.69.
In related news, CEO Brian Goldner sold 205,656 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the completion of the transaction, the chief executive officer now owns 354,891 shares in the company, valued at $37,508,429.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 216,851 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $106.07, for a total transaction of $23,001,385.57. Following the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $3,090,879.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 814,917 shares of company stock valued at $86,222,617. Corporate insiders own 11.00% of the company’s stock.
Hasbro Company Profile
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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