Bp Plc Has $10.26 Million Stake in Hasbro, Inc. (NASDAQ:HAS)
Bp Plc raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 37.3% during the second quarter, Holdings Channel reports. The firm owned 92,000 shares of the company’s stock after buying an additional 25,000 shares during the period. Bp Plc’s holdings in Hasbro were worth $10,259,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Kornitzer Capital Management Inc. KS boosted its position in shares of Hasbro by 0.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock valued at $410,000 after buying an additional 10 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Hasbro by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 4,973 shares of the company’s stock valued at $496,000 after buying an additional 30 shares during the last quarter. Bollard Group LLC boosted its position in shares of Hasbro by 0.5% in the first quarter. Bollard Group LLC now owns 7,050 shares of the company’s stock valued at $704,000 after buying an additional 36 shares during the last quarter. Genesee Valley Trust Co. boosted its position in shares of Hasbro by 1.2% in the first quarter. Genesee Valley Trust Co. now owns 3,500 shares of the company’s stock valued at $349,000 after buying an additional 43 shares during the last quarter. Finally, Coe Capital Management LLC boosted its position in shares of Hasbro by 0.3% in the first quarter. Coe Capital Management LLC now owns 19,100 shares of the company’s stock valued at $1,907,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.
Shares of Hasbro, Inc. (HAS) opened at 103.02 on Tuesday. The stock has a 50 day moving average of $110.57 and a 200-day moving average of $100.83. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 22.31 and a beta of 0.90. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $974.19 million. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is 49.35%.
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Several brokerages have recently commented on HAS. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price target (up from $100.00) on shares of Hasbro in a report on Thursday, July 13th. DA Davidson reaffirmed a “buy” rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Hasbro in a report 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 given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $106.69.
In other news, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the transaction, the director now owns 29,140 shares in the company, valued at $3,079,515.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wiebe Tinga sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the transaction, the executive vice president now owns 85,630 shares in the company, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders sold 814,917 shares of company stock worth $86,222,617 in the last 90 days. Company insiders own 11.00% of the company’s stock.
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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