Pittenger & Anderson Inc. Acquires 200 Shares of Hasbro, Inc. (HAS)

Pittenger & Anderson Inc. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,240 shares of the company’s stock after buying an additional 200 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Hasbro were worth $2,257,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HAS. Acrospire Investment Management LLC lifted its position in shares of Hasbro by 11.1% during the 1st quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Hasbro by 337.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after purchasing an additional 873 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in Hasbro during the 1st quarter worth about $119,000. Meeder Asset Management Inc. purchased a new stake in Hasbro during the 1st quarter worth about $131,000. Finally, Oakworth Capital Inc. lifted its holdings in Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

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In related news, Director Alan G. Hassenfeld sold 99,615 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total transaction of $9,701,504.85. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the sale, the president now directly owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The disclosure for this sale can be found here. In the last three months, insiders sold 1,423,264 shares of company stock worth $145,144,664. Insiders own 11.00% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC started coverage on Hasbro in a report on Thursday, June 8th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, 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. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.27.

Hasbro, Inc. (HAS) traded up 0.70% during trading on Friday, reaching $95.74. The company had a trading volume of 319,948 shares. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The stock has a 50 day moving average price of $98.20 and a 200 day moving average price of $102.08. The firm has a market capitalization of $11.98 billion, a P/E ratio of 20.74 and a beta of 0.92.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently 49.35%.

About Hasbro

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.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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