Prospera Financial Services Inc boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,639 shares of the company’s stock after acquiring an additional 495 shares during the quarter. Prospera Financial Services Inc’s holdings in Hasbro were worth $384,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HAS. FMR LLC lifted its position in Hasbro by 3.2% in the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock valued at $5,104,000 after acquiring an additional 1,884 shares in the last quarter. Mackay Shields LLC lifted its position in Hasbro by 11.0% during the 3rd quarter. Mackay Shields LLC now owns 19,145 shares of the company’s stock worth $2,272,000 after buying an additional 1,894 shares in the last quarter. Parallel Advisors LLC lifted its position in Hasbro by 20.5% during the 3rd quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock worth $74,000 after buying an additional 106 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Hasbro by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,388 shares of the company’s stock worth $640,000 after buying an additional 810 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in Hasbro during the 3rd quarter worth about $363,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.
In other Hasbro news, EVP Stephen J. Davis sold 13,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 52,238 shares in the company, valued at approximately $5,488,124.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.30% of the stock is currently owned by corporate insiders.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.35. Hasbro had a net margin of 11.03% and a return on equity of 25.57%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $1.33 EPS. Hasbro’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Hasbro, Inc. will post 4.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.68 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.72 dividend on an annualized basis and a yield of 4.90%. Hasbro’s dividend payout ratio (DPR) is currently 66.67%.
Several equities research analysts have commented on HAS shares. MKM Partners cut their price target on shares of Hasbro from to in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Hasbro from $113.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. ValuEngine lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Goldman Sachs Group lowered their price objective on shares of Hasbro from to in a research note on Monday, February 24th. Finally, BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.82.
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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