Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $2.68 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 24.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,477 shares of the company’s stock after acquiring an additional 4,945 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Hasbro were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First National Trust Co grew its position in Hasbro by 48.2% in the 4th quarter. First National Trust Co now owns 29,244 shares of the company’s stock worth $3,089,000 after purchasing an additional 9,512 shares during the last quarter. Mesirow Financial Investment Management Equity Management grew its position in Hasbro by 27.5% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 12,635 shares of the company’s stock worth $1,334,000 after purchasing an additional 2,725 shares during the last quarter. Advisory Services Network LLC grew its position in Hasbro by 45.2% in the 4th quarter. Advisory Services Network LLC now owns 2,934 shares of the company’s stock worth $310,000 after purchasing an additional 914 shares during the last quarter. Pinnacle Associates Ltd. grew its position in Hasbro by 20.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 62,609 shares of the company’s stock worth $6,612,000 after purchasing an additional 10,460 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its position in Hasbro by 95.2% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 103,989 shares of the company’s stock worth $3,003,000 after purchasing an additional 50,708 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

In other news, EVP Stephen J. Davis sold 13,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $105.06, for a total transaction of $1,365,780.00. Following the completion of the transaction, the executive vice president now directly owns 52,238 shares of the company’s stock, valued at approximately $5,488,124.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.30% of the stock is currently owned by company insiders.

HAS has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of Hasbro from $105.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Bank of America initiated coverage on shares of Hasbro in a research report on Wednesday, January 29th. They issued a “neutral” rating and a $117.00 price target on the stock. Wells Fargo & Co raised their price target on shares of Hasbro from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. KeyCorp decreased their price target on shares of Hasbro from $135.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, SunTrust Banks decreased their price target on shares of Hasbro from $118.00 to $102.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $118.25.

NASDAQ:HAS opened at $97.71 on Friday. The company has a 50-day moving average of $103.44 and a 200-day moving average of $107.43. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.66 and a beta of 1.06. Hasbro, Inc. has a 52 week low of $82.87 and a 52 week high of $126.87. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.93 and a current ratio of 5.37.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.35. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Hasbro had a net margin of 11.03% and a return on equity of 25.57%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS. Sell-side analysts forecast that Hasbro, Inc. will post 4.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, April 30th. Hasbro’s payout ratio is 66.67%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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