Willis Investment Counsel Lowers stake in Hasbro (HAS)

Hasbro (HAS) : Willis Investment Counsel reduced its stake in Hasbro by 0.54% during the most recent quarter end. The investment management company now holds a total of 221,100 shares of Hasbro which is valued at $18.8 Million after selling 1,200 shares in Hasbro , the firm said in a disclosure report filed with the SEC on May 12, 2016.Hasbro makes up approximately 1.65% of Willis Investment Counsel’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in HAS in the latest quarter, The investment management firm added 1,396 additional shares and now holds a total of 34,997 shares of Hasbro which is valued at $3 Million. Hasbro makes up approx 0.01% of United Services Automobile Association’s portfolio.Airain Ltd boosted its stake in HAS in the latest quarter, The investment management firm added 69,129 additional shares and now holds a total of 97,906 shares of Hasbro which is valued at $8.3 Million. Hasbro makes up approx 0.59% of Airain Ltd’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in HAS by selling 1,726 shares or 6.23% in the most recent quarter. The Hedge Fund company now holds 25,978 shares of HAS which is valued at $2.2 Million. Hasbro makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.World Asset Management Inc reduced its stake in HAS by selling 1,415 shares or 11.28% in the most recent quarter. The Hedge Fund company now holds 11,133 shares of HAS which is valued at $942,297. Hasbro makes up approx 0.04% of World Asset Management Inc’s portfolio.

Hasbro closed down -0.48 points or -0.57% at $84.39 with 8,72,524 shares getting traded on Friday. Post opening the session at $85.15, the shares hit an intraday low of $84.14 and an intraday high of $85.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hasbro reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $831.20 million for the quarter, compared to analysts expectations of $779.23 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Hasbro. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.Company shares were Reiterated by Monness Crespi & Hardt on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $84 .JP Morgan Initiated Hasbro on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $81.

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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