Geode Capital Management LLC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,444,609 shares of the company’s stock after acquiring an additional 19,821 shares during the period. Geode Capital Management LLC’s holdings in Hasbro were worth $131,078,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of Hasbro in the 4th quarter worth $131,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Hasbro during the 4th quarter worth $136,000. Fiduciary Trust Co. purchased a new position in Hasbro during the 4th quarter worth $243,000. Advisor Partners LLC purchased a new position in Hasbro during the 4th quarter worth $247,000. Finally, LVW Advisors LLC purchased a new position in Hasbro during the 3rd quarter worth $260,000. 79.49% of the stock is owned by hedge funds and other institutional investors.
In other Hasbro news, EVP Wiebe Tinga sold 3,955 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $97.19, for a total transaction of $384,386.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Goldner sold 308,164 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.97, for a total value of $29,882,663.08. Following the sale, the chief executive officer now owns 101,134 shares in the company, valued at approximately $9,806,963.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 394,435 shares of company stock worth $38,337,975. Company insiders own 11.00% of the company’s stock.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. equities research analysts forecast that Hasbro, Inc. will post 5.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s payout ratio is presently 73.08%.
Several research analysts recently weighed in on HAS shares. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. UBS Group set a $104.00 target price on Hasbro and gave the stock a “hold” rating in a research note on Monday, November 13th. DA Davidson set a $124.00 target price on Hasbro and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $83.00 target price on shares of Hasbro in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $109.50.
TRADEMARK VIOLATION WARNING: “Geode Capital Management LLC Buys 19,821 Shares of Hasbro, Inc. (HAS)” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3252840/geode-capital-management-llc-buys-19821-shares-of-hasbro-inc-has.html.
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.
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).
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.