Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Hasbro, Inc. by 3.6%, acquiring an additional 5,149 shares and owning a total of 146,915 shares valued at approximately $9.03 million.
• Hasbro recently announced a quarterly dividend of $0.70 per share, which translates to an annualized yield of 3.73% and will be paid on September 3rd to investors of record on August 20th.
• The company's quarterly earnings beat analysts' expectations, reporting $1.30 earnings per share against a consensus estimate of $0.78, while revenues reached $980.80 million, surpassing analyst projections.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,915 shares of the company's stock after buying an additional 5,149 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Hasbro worth $9,034,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HAS. Brighton Jones LLC acquired a new position in Hasbro during the fourth quarter valued at $317,000. Teacher Retirement System of Texas raised its position in shares of Hasbro by 14.7% in the fourth quarter. Teacher Retirement System of Texas now owns 27,459 shares of the company's stock worth $1,535,000 after acquiring an additional 3,510 shares during the period. Sei Investments Co. raised its position in shares of Hasbro by 2.3% in the fourth quarter. Sei Investments Co. now owns 76,641 shares of the company's stock worth $4,285,000 after acquiring an additional 1,718 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Hasbro in the fourth quarter worth about $1,504,000. Finally, LPL Financial LLC raised its position in shares of Hasbro by 13.9% in the fourth quarter. LPL Financial LLC now owns 73,579 shares of the company's stock worth $4,114,000 after acquiring an additional 8,962 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ HAS traded down $0.07 during trading hours on Friday, hitting $74.98. 2,541,981 shares of the company's stock traded hands, compared to its average volume of 2,643,605. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The company has a market capitalization of $10.51 billion, a PE ratio of -18.47, a PEG ratio of 1.06 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.40. The firm's 50-day moving average is $71.42 and its 200-day moving average is $63.69.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. During the same quarter in the prior year, the company earned $1.22 EPS. Hasbro's revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.73%. Hasbro's dividend payout ratio (DPR) is -68.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAS. Bank of America upped their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup upped their price objective on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Roth Capital upped their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.27.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.