Regentatlantic Capital LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,861 shares of the company’s stock, valued at approximately $208,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. increased its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Hasbro during the first quarter worth $119,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Hasbro during the first quarter worth $131,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) traded down 1.70% during midday trading on Friday, hitting $95.51. 1,399,735 shares of the stock traded hands. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 20.69 and a beta of 0.90. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The stock’s 50-day moving average price is $106.64 and its 200 day moving average price is $101.94.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, October 31st. Hasbro’s payout ratio is currently 49.35%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price target (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. BMO Capital Markets increased their price objective on shares of Hasbro from $86.00 to $95.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Monday, June 19th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $105.69.
In other news, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total value of $27,467.52. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.69, for a total transaction 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 $37,508,429.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 967,534 shares of company stock worth $101,560,355. 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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