The Tokio Marine Asset Management Co. Ltd. decides to keep it stake in Hasbro Inc. (HAS) to the level of $353,000

The Tokio Marine Asset Management Co. Ltd. decides to keep it stake in Hasbro Inc. (HAS) to the level of $353,000

Tokio Marine Asset Management Co. Ltd. raised its position in Hasbro Inc. (NASDAQ:HAS) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 4,198 shares of the company’s stock after buying an additional 267 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Hasbro were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its stake in Hasbro by 0.9% in the first quarter. Prudential Financial Inc. now owns 139,616 shares of the company’s stock valued at $11,183,000 after buying an additional 1,200 shares during the last quarter. BlackRock Group LTD boosted its stake in Hasbro by 4.6% in the first quarter. BlackRock Group LTD now owns 861,998 shares of the company’s stock valued at $69,046,000 after buying an additional 38,116 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Hasbro by 9.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,223,540 shares of the company’s stock valued at $258,206,000 after buying an additional 275,954 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Hasbro by 5.3% in the first quarter. BlackRock Japan Co. Ltd now owns 149,069 shares of the company’s stock valued at $11,940,000 after buying an additional 7,544 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Hasbro by 252.4% in the first quarter. JPMorgan Chase & Co. now owns 170,910 shares of the company’s stock valued at $13,689,000 after buying an additional 122,407 shares during the last quarter. 76.79% of the stock is owned by institutional investors and hedge funds.

Hasbro Inc. (NASDAQ:HAS) traded down 1.33% during trading on Wednesday, hitting $77.64. 1,889,557 shares of the company traded hands. The firm has a 50 day moving average of $80.09 and a 200 day moving average of $82.67. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The firm has a market cap of $9.74 billion, a P/E ratio of 20.35 and a beta of 1.00.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business earned $878.90 million during the quarter, compared to the consensus estimate of $858.97 million. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts expect that Hasbro Inc. will post $4.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.51 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.59%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.

Several research firms have commented on HAS. Jefferies Group lifted their target price on shares of Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Vetr cut shares of Hasbro from a “buy” rating to a “hold” rating and set a $88.94 target price for the company. in a research note on Monday, June 20th. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. MKM Partners reaffirmed a “hold” rating and issued a $84.00 target price on shares of Hasbro in a research note on Tuesday, July 12th. Finally, Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price for the company in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.90.

About Hasbro

Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

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