Mn Services Vermogensbeheer B.V. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,395 shares of the company’s stock after buying an additional 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hasbro were worth $5,560,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HAS. JPMorgan Chase & Co. increased its stake in shares of Hasbro by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after purchasing an additional 701,535 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Hasbro by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 680,345 shares of the company’s stock worth $71,531,000 after acquiring an additional 46,168 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Hasbro by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock worth $1,384,826,000 after acquiring an additional 368,897 shares during the last quarter. BTIM Corp. lifted its holdings in shares of Hasbro by 28.6% in the 4th quarter. BTIM Corp. now owns 35,114 shares of the company’s stock worth $2,853,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Hasbro by 14.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,355 shares of the company’s stock worth $2,304,000 after acquiring an additional 3,595 shares during the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.
Shares of NASDAQ HAS opened at $98.28 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.26. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. Hasbro, Inc. has a fifty-two week low of $76.84 and a fifty-two week high of $109.60.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 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 2.77%. Hasbro’s dividend payout ratio (DPR) is 70.65%.
In related news, EVP Thomas J. Jr. Courtney sold 3,687 shares of Hasbro stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total transaction of $387,135.00. Following the completion of the sale, the executive vice president now owns 20,795 shares of the company’s stock, valued at $2,183,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Jr. Courtney sold 4,063 shares of Hasbro stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $102.13, for a total value of $414,954.19. Following the sale, the executive vice president now directly owns 28,545 shares of the company’s stock, valued at approximately $2,915,300.85. The disclosure for this sale can be found here. Insiders have sold 346,056 shares of company stock valued at $35,488,019 in the last ninety days. Corporate insiders own 9.30% of the company’s stock.
A number of brokerages have issued reports on HAS. Argus downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. BMO Capital Markets increased their target price on shares of Hasbro from $88.00 to $93.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Hasbro from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. MKM Partners lifted their target price on Hasbro from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays raised their price target on Hasbro from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Hasbro currently has an average rating of “Buy” and an average price target of $106.07.
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Hasbro Company Profile
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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