Putnam Fl Investment Management Co buys $10,342,225 stake in Hasbro (HAS)

Hasbro (HAS) : Putnam Fl Investment Management Co scooped up 63,263 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 127,982 shares of Hasbro which is valued at $10,342,225.Hasbro makes up approximately 1.19% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in HAS by selling 264 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 237,785 shares of HAS which is valued at $19,215,406. Hasbro makes up approx 0.04% of California State Teachers Retirement System’s portfolio.Cooke Bieler Lp reduced its stake in HAS by selling 6,038 shares or 56.76% in the most recent quarter. The Hedge Fund company now holds 4,600 shares of HAS which is valued at $373,658. Hasbro makes up approx 0.01% of Cooke Bieler Lp’s portfolio.Pitcairn Co boosted its stake in HAS in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 3,373 shares of Hasbro which is valued at $273,078. Hasbro makes up approx 0.03% of Pitcairn Co’s portfolio.Gw&k Investment Management boosted its stake in HAS in the latest quarter, The investment management firm added 16,049 additional shares and now holds a total of 295,114 shares of Hasbro which is valued at $25,244,052. Hasbro makes up approx 0.51% of Gw&k Investment Management’s portfolio.

Hasbro closed down -0.24 points or -0.30% at $80.57 with 6,95,108 shares getting traded on Thursday. Post opening the session at $80.57, the shares hit an intraday low of $80.46 and an intraday high of $81.331 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.

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 Company’s 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.

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