Coastline Trust Co Has $737,000 Stake in Hasbro, Inc. (HAS)
Coastline Trust Co lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,610 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Coastline Trust Co’s holdings in Hasbro were worth $737,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of Hasbro by 5,800.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after buying an additional 1,392 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Hasbro by 75.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,358 shares of the company’s stock valued at $969,000 after buying an additional 4,033 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Hasbro by 10.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the company’s stock valued at $319,000 after buying an additional 300 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Hasbro by 3.3% during the 1st quarter. Suntrust Banks Inc. now owns 5,947 shares of the company’s stock valued at $593,000 after buying an additional 192 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Hasbro by 2.0% during the 1st quarter. Comerica Bank now owns 33,860 shares of the company’s stock valued at $3,403,000 after buying an additional 657 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.
In other Hasbro news, Director Alan G. Hassenfeld sold 99,615 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.39, for a total value of $9,701,504.85. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at $2,837,944.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.69, for a total value of $21,735,782.64. Following the completion of the sale, the chief executive officer now directly owns 354,891 shares in the company, valued at approximately $37,508,429.79. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock worth $145,144,664 in the last three months. 11.00% of the stock is owned by corporate insiders.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC assumed coverage on Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $107.48.
Hasbro, Inc. (NASDAQ HAS) opened at 94.92 on Wednesday. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The firm has a 50-day moving average price of $99.10 and a 200-day moving average price of $102.20. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 20.56 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 14.75% and a net margin of 6.96%. Hasbro’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities analysts predict 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. Shareholders of record on Wednesday, November 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is 49.35%.
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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