Peloton Wealth Strategists Lowers stake in Hasbro (HAS)

Hasbro (HAS) : Peloton Wealth Strategists reduced its stake in Hasbro by 1.64% during the most recent quarter end. The investment management company now holds a total of 41,950 shares of Hasbro which is valued at $3,457,519 after selling 700 shares in Hasbro , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Hasbro makes up approximately 2.79% of Peloton Wealth Strategists’s portfolio.

Other Hedge Funds, Including , Johnson Financial Group reduced its stake in HAS by selling 13,918 shares or 33.38% in the most recent quarter. The Hedge Fund company now holds 27,783 shares of HAS which is valued at $2,289,875. Hasbro makes up approx 0.30% of Johnson Financial Group’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in HAS in the latest quarter, The investment management firm added 1,768 additional shares and now holds a total of 17,800 shares of Hasbro which is valued at $1,438,418. Hasbro makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Mu Investments Ltd. reduced its stake in HAS by selling 1,300 shares or 42.62% in the most recent quarter. The Hedge Fund company now holds 1,750 shares of HAS which is valued at $141,680. Hasbro makes up approx 0.09% of Mu Investments Ltd.’s portfolio.Huntington National Bank reduced its stake in HAS by selling 9,442 shares or 56.8% in the most recent quarter. The Hedge Fund company now holds 7,180 shares of HAS which is valued at $581,293. Hasbro makes up approx 0.01% of Huntington National Bank’s portfolio.

Hasbro opened for trading at $81.3 and hit $81.76 on the upside on Monday, eventually ending the session at $81.59, with a gain of 0.28% or 0.23 points. The heightened volatility saw the trading volume jump to 3,74,808 shares. Company has a market cap of $10,232 M.

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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