Groupama Asset Managment Has $233,000 Stock Holdings in Hasbro, Inc. $HAS

Groupama Asset Managment trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 75.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the company’s stock after selling 7,838 shares during the quarter. Groupama Asset Managment’s holdings in Hasbro were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro during the second quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the second quarter worth $28,000. Cedar Mountain Advisors LLC acquired a new stake in Hasbro in the first quarter valued at $37,000. Finally, Wexford Capital LP acquired a new stake in Hasbro in the third quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hasbro news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the sale, the insider owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction 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 approximately $5,049,804.48. The trade was a 26.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 42,451 shares of company stock valued at $3,987,379 over the last ninety days. 0.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson decreased their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Zacks Research downgraded Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Jefferies Financial Group lowered their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Hasbro in a research note on Monday, July 27th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.07.

Hasbro Stock Performance

Shares of HAS opened at $91.47 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The stock has a market capitalization of $12.94 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The firm’s fifty day simple moving average is $84.54 and its two-hundred day simple moving average is $90.67. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.30 EPS. The business’s revenue was up 16.2% compared to the same quarter last year. As a group, analysts predict that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.

About Hasbro

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.