Kornitzer Capital Management Inc. KS Boosts Stake in Hasbro, Inc. (NASDAQ:HAS)

Kornitzer Capital Management Inc. KS boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,675 shares of the company’s stock after buying an additional 10 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Hasbro were worth $410,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bowling Portfolio Management LLC acquired a new stake in shares of Hasbro during the second quarter worth about $4,212,000. Ferguson Wellman Capital Management Inc. raised its stake in shares of Hasbro by 1.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 313,589 shares of the company’s stock worth $34,968,000 after buying an additional 5,585 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hasbro during the second quarter worth $2,568,000. Congress Asset Management Co. MA raised its stake in shares of Hasbro by 7.4% in the second quarter. Congress Asset Management Co. MA now owns 724,232 shares of the company’s stock worth $80,759,000 after buying an additional 49,989 shares during the period. Finally, Private Wealth Partners LLC purchased a new stake in shares of Hasbro during the second quarter worth $399,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.

Shares of Hasbro, Inc. (HAS) traded down 1.70% during trading on Friday, hitting $95.51. The company’s stock had a trading volume of 1,399,735 shares. The stock has a market cap of $11.95 billion, a PE ratio of 20.69 and a beta of 0.90. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The company has a 50-day moving average price of $106.64 and a 200-day moving average price of $101.94.

Hasbro (NASDAQ:HAS) last posted its quarterly 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. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. Equities analysts predict that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.

The firm 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Tuesday, October 31st. Hasbro’s payout ratio is 49.35%.

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A number of research analysts have recently issued reports on HAS shares. Wells Fargo & Company reiterated a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. DA Davidson reiterated a “buy” rating and issued a $118.00 price target on shares of Hasbro in a report on Tuesday, May 23rd. Jefferies Group LLC restated a “buy” rating and set a $125.00 target price on shares of Hasbro in a research note on Monday, June 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $100.00 target price (up from $95.00) on shares of Hasbro in a research note on Tuesday, April 25th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $105.69.

In related news, EVP Barbara Finigan sold 23,483 shares of Hasbro stock in a transaction dated 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 transaction, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at approximately $3,438,273.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan G. Hassenfeld sold 276 shares of Hasbro stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total transaction of $27,467.52. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at $2,900,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 967,534 shares of company stock valued at $101,560,355 over the last ninety days. 11.00% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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