Hasbro (HAS) : Foster Motley Inc reduced its stake in Hasbro by 2.78% during the most recent quarter end. The investment management company now holds a total of 80,606 shares of Hasbro which is valued at $6,513,771 after selling 2,309 shares in Hasbro , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Hasbro makes up approximately 1.26% of Foster Motley Inc’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services boosted its stake in HAS in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 6,056 shares of Hasbro which is valued at $489,385. Hasbro makes up approx 0.09% of Investors Capital Advisory Services’s portfolio.Msi Financial Services Inc reduced its stake in HAS by selling 676 shares or 9.22% in the most recent quarter. The Hedge Fund company now holds 6,655 shares of HAS which is valued at $538,789. Hasbro makes up approx 0.02% of Msi Financial Services Inc’s portfolio. Chesley Taft Associates sold out all of its stake in HAS during the most recent quarter. The investment firm sold 3,000 shares of HAS which is valued $241,200.Capital One National Association reduced its stake in HAS by selling 1,613 shares or 10.23% in the most recent quarter. The Hedge Fund company now holds 14,153 shares of HAS which is valued at $1,151,063. Hasbro makes up approx 0.09% of Capital One National Association’s portfolio.Capstone Asset Management Co reduced its stake in HAS by selling 340 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 14,806 shares of HAS which is valued at $1,266,505. Hasbro makes up approx 0.04% of Capstone Asset Management Co’s portfolio.
Hasbro closed down -0.15 points or -0.18% at $81.74 with 6,28,330 shares getting traded on Monday. Post opening the session at $81.66, the shares hit an intraday low of $81.38 and an intraday high of $82.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Hasbro reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.39. The company had revenue of $878.90 million for the quarter, compared to analysts expectations of $859.30 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Investors should note that on Jul 28, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Oct 28, 2016 as the ex-dividend date and fixed the record date on Nov 1, 2016. The payable date has been fixed on Nov 15, 2016.
Many Wall Street Analysts have commented on Hasbro. Hasbro was Upgraded by Piper Jaffray to ” Overweight” on Jul 19, 2016. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.
Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Companys business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.