Leavell Investment Management Inc. held its stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,010 shares of the company’s stock at the end of the second quarter. Leavell Investment Management Inc.’s holdings in Hasbro were worth $1,897,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Hasbro by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 96,921 shares of the company’s stock valued at $10,807,000 after buying an additional 485 shares in the last quarter. National Pension Service raised its position in Hasbro by 10.2% in the second quarter. National Pension Service now owns 126,699 shares of the company’s stock valued at $13,944,000 after buying an additional 11,682 shares during the last quarter. SpiderRock Advisors LLC raised its position in Hasbro by 122.8% in the second quarter. SpiderRock Advisors LLC now owns 1,914 shares of the company’s stock valued at $211,000 after buying an additional 1,055 shares during the last quarter. Cullinan Associates Inc. raised its position in Hasbro by 28.3% in the second quarter. Cullinan Associates Inc. now owns 72,630 shares of the company’s stock valued at $8,099,000 after buying an additional 16,030 shares during the last quarter. Finally, Trust Department MB Financial Bank N A raised its position in Hasbro by 1.0% in the second quarter. Trust Department MB Financial Bank N A now owns 110,163 shares of the company’s stock valued at $12,284,000 after buying an additional 1,054 shares during the last quarter. 78.23% of the stock is owned by hedge funds and other institutional investors.
Hasbro, Inc. (HAS) traded down 1.54% during midday trading on Tuesday, reaching $101.43. The company’s stock had a trading volume of 1,182,400 shares. The firm has a market cap of $12.71 billion, a P/E ratio of 21.97 and a beta of 0.90. The firm has a 50 day moving average of $110.10 and a 200 day moving average of $100.89. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts anticipate that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.25%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
Several research firms have recently issued reports on HAS. Barclays PLC decreased their target price on Hasbro from $109.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 26th. Stifel Nicolaus restated a “hold” rating and set a $100.00 target price (up from $95.00) on shares of Hasbro in a research report on Tuesday, April 25th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Jefferies Group LLC began coverage on Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price for the company. Finally, BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $106.69.
In other Hasbro news, EVP Barbara Finigan sold 23,483 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total value of $2,496,242.90. Following the completion of the sale, the executive vice president now owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. Insiders sold 814,917 shares of company stock valued at $86,222,617 in the last three months. 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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