London Co Of Virginia buys $289,282,496 stake in Hasbro (HAS)

Hasbro (HAS) : London Co Of Virginia scooped up 326,450 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,509,858 shares of Hasbro which is valued at $289,282,496.Hasbro makes up approximately 2.25% of London Co Of Virginia’s portfolio.

Other Hedge Funds, Including , Walleye Trading sold out all of its stake in HAS during the most recent quarter. The investment firm sold 64 shares of HAS which is valued $5,275.Woodmont Investment Counsel reduced its stake in HAS by selling 380 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 6,057 shares of HAS which is valued at $499,218. Hasbro makes up approx 0.14% of Woodmont Investment Counsel’s portfolio.State Treasurer State Of Michigan boosted its stake in HAS in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 38,999 shares of Hasbro which is valued at $3,151,509. Hasbro makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.

Hasbro closed down -0.12 points or -0.15% at $81.62 with 5,53,805 shares getting traded on Thursday. Post opening the session at $81.43, the shares hit an intraday low of $80.78 and an intraday high of $81.92 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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 Company’s 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.

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