83,652 Shares in Hasbro, Inc. $HAS Purchased by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 83,652 shares of the company’s stock, valued at approximately $2,013,000.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its holdings in shares of Hasbro by 10.2% in the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after purchasing an additional 114 shares during the period. Marathon Mission Inc. boosted its holdings in shares of Hasbro by 1.4% during the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after purchasing an additional 128 shares during the period. Severin Investments LLC grew its position in Hasbro by 3.1% during the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after purchasing an additional 137 shares in the last quarter. Root Financial Partners LLC grew its position in Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock valued at $73,000 after purchasing an additional 137 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in Hasbro by 2.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock valued at $493,000 after buying an additional 139 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of HAS opened at $93.50 on Thursday. The firm has a market cap of $13.19 billion, a PE ratio of 16.82, a PEG ratio of 1.60 and a beta of 0.47. The firm’s 50 day moving average price is $88.81 and its 200 day moving average price is $91.01. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, research analysts expect that Hasbro, Inc. will post 6.17 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus increased their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Bank of America dropped their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Morgan Stanley increased their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, UBS Group reissued a “buy” rating and set a $120.00 price objective on shares of Hasbro in a research report on Monday, July 27th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.43.

Insider Transactions at Hasbro

In other Hasbro news, insider Holly Barbacovi sold 5,057 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the transaction, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This represents a 26.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 50,472 shares of company stock valued at $4,736,533 in the last three months. 0.71% of the stock is currently owned by company insiders.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.