Hasbro (HAS) : Weaver C. Barksdale Associates reduced its stake in Hasbro by 5.28% during the most recent quarter end. The investment management company now holds a total of 11,607 shares of Hasbro which is valued at $913,355 after selling 647 shares in Hasbro , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Hasbro makes up approximately 1.57% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Raymond James Trust N.a. reduced its stake in HAS by selling 344 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 5,840 shares of HAS which is valued at $465,915. Hasbro makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in HAS by selling 166 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 25,788 shares of HAS which is valued at $2,057,367. Hasbro makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Contravisory Investment Management added HAS to its portfolio by purchasing 195 company shares during the most recent quarter which is valued at $15,557. Hasbro makes up approx 0.01% of Contravisory Investment Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in HAS by selling 232 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 28,819 shares of HAS which is valued at $2,285,347. Hasbro makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.
Hasbro closed down -1.09 points or -1.37% at $78.69 with 11,14,158 shares getting traded on Tuesday. Post opening the session at $79.82, the shares hit an intraday low of $78.404 and an intraday high of $79.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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.