Pacer Advisors Inc. Has $685,000 Stock Holdings in Hasbro, Inc. $HAS

Pacer Advisors Inc. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 90.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 7,318 shares of the company’s stock after selling 68,945 shares during the period. Pacer Advisors Inc.’s holdings in Hasbro were worth $685,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Hasbro by 734.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after buying an additional 29,735 shares during the last quarter. Capital Research Global Investors increased its position in shares of Hasbro by 5.3% in the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock valued at $264,522,000 after acquiring an additional 162,354 shares during the last quarter. LBP AM SA increased its position in shares of Hasbro by 10.7% in the fourth quarter. LBP AM SA now owns 135,839 shares of the company’s stock valued at $11,139,000 after acquiring an additional 13,141 shares during the last quarter. Brighton Jones LLC bought a new stake in Hasbro during the fourth quarter worth about $317,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hasbro by 38.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 677,000 shares of the company’s stock worth $55,514,000 after acquiring an additional 189,426 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 1.0%

HAS stock opened at $94.49 on Tuesday. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The company has a fifty day moving average price of $85.12 and a two-hundred day moving average price of $90.89. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Insiders Place Their Bets

In related news, insider John Hight sold 3,186 shares of Hasbro stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. 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 sold 42,451 shares of company stock worth $3,987,379 over the last three months. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAS. Citigroup restated a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Bank of America dropped their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Argus increased their price objective on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.07.

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.