Baldwin Brothers Inc. MA lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,121 shares of the company’s stock after selling 4,482 shares during the quarter. Hasbro accounts for approximately 2.6% of Baldwin Brothers Inc. MA’s holdings, making the stock its 6th biggest holding. Baldwin Brothers Inc. MA owned about 0.13% of Hasbro worth $16,323,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after buying an additional 32 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Hasbro in the 2nd quarter worth $155,000. Finally, Highstreet Asset Management Inc. lifted its holdings in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after buying an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.
In related news, EVP Duncan Billing sold 39,820 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.27, for a total transaction of $4,231,671.40. Following the completion of the sale, the executive vice president now owns 55,431 shares in the company, valued at approximately $5,890,652.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wiebe Tinga sold 25,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 85,630 shares of the company’s stock, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders have sold a total of 890,018 shares of company stock valued at $88,755,354 in the last quarter. 11.00% of the stock is currently owned by corporate insiders.
Hasbro, Inc. (NASDAQ HAS) traded down 0.9607% during midday trading on Monday, hitting $96.2068. 445,625 shares of the stock traded hands. Hasbro, Inc. has a 1-year low of $77.20 and a 1-year high of $116.20. The company has a 50-day moving average of $95.95 and a 200-day moving average of $101.60. The stock has a market cap of $12.03 billion, a PE ratio of 20.8375 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.03 EPS. On average, equities analysts expect that Hasbro, Inc. will post $5.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors 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 dividend yield of 2.35%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is currently 48.72%.
A number of equities analysts have commented on HAS shares. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Friday, July 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Hasbro presently has a consensus rating of “Hold” and an average price target of $106.86.
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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