Groupama Asset Managment cut its holdings in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 75.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,494 shares of the company’s stock after selling 7,838 shares during the period. Groupama Asset Managment’s holdings in Hasbro were worth $233,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after purchasing an additional 453,038 shares during the period. State Street Corp increased its holdings in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares during the period. AQR Capital Management LLC increased its holdings in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares during the period. Geode Capital Management LLC raised its position in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Hasbro by 21.9% in the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after buying an additional 651,790 shares in the last quarter. 91.83% of the stock is owned by institutional investors.
Insider Transactions at Hasbro
In other news, insider John Hight sold 3,186 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the transaction, the chief financial officer owned 88,104 shares of the company’s stock, valued at $8,408,645.76. The trade was a 11.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 42,451 shares of company stock worth $3,987,379. Corporate insiders own 0.71% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on HAS
Hasbro Trading Down 2.6%
HAS opened at $91.47 on Tuesday. The company’s 50 day moving average is $84.54 and its 200-day moving average is $90.67. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The company has a market cap of $12.94 billion, a P/E ratio of 16.45, a PEG ratio of 1.72 and a beta of 0.47.
Hasbro (NASDAQ:HAS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. Equities research analysts predict that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.
Hasbro Profile
Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.
The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.
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