Exxonmobil Investment Management Inc. TX decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,023 shares of the company’s stock after selling 2,763 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Hasbro were worth $1,638,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of HAS. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in shares of Hasbro during the 2nd quarter worth about $155,000. Highstreet Asset Management Inc. grew its holdings in shares of Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after purchasing an additional 812 shares during the period. Finally, Moors & Cabot Inc. purchased a new stake in shares of Hasbro during the 2nd quarter worth about $229,000. Institutional investors own 79.73% of the company’s stock.
A number of brokerages have recently issued reports on HAS. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub cut Hasbro from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group reiterated a “buy” rating and set a $118.00 target price on shares of Hasbro in a report on Monday, October 2nd. Stifel Nicolaus decreased their target price on Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Finally, B. Riley began coverage on Hasbro in a report on Thursday, December 21st. They set a “buy” rating and a $108.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus price target of $105.81.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. Hasbro’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 EPS. analysts predict that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.49%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 48.72%.
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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