Hasbro Inc (HAS) Files Form 4 Insider Selling : Duncan Billing Sells 3,514 Shares

Hasbro Inc (HAS): Duncan Billing , EVP, Chief Gbl Ops & Bus Dvpmt of Hasbro Inc sold 3,514 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $87.27 per share for a total value of $306,688.03 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, John Frascotti (President, Hasbro Brands) sold 36,170 shares at $87.00 per share price.On May 24, 2016, Wiebe Tinga (EVP & Chief Commerical Officer) sold 25,000 shares at $85.01 per share price.Also, On May 4, 2016, Deborah Thomas (EVP & Chief Financial Officer) sold 53,070 shares at $85.81 per share price.On Apr 27, 2016, Barbara Finigan (EVP, Chief Legal Officer & Sec) sold 19,885 shares at $87.04 per share price.

Hasbro: On Friday, May 27, 2016 heightened volatility was witnessed in Hasbro which led to swings in the share price. The shares opened for trading at $86.3 and hit $87.56 on the upside , eventually ending the session at $87.28, with a gain of 0.61% or 0.53 points. The heightened volatility saw the trading volume jump to 4,13,728 shares. The 52-week high of the share price is $88.53 and the company has a market cap of $10,884 M . The 52-week low of the share price is at $60.38.

Hasbro Money Flow Index Chart

On May 19, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.

Company has been under the radar of several Street Analysts.Hasbro is Downgraded by Piper Jaffray to Neutral and the brokerage firm has set the Price Target at $88. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 10, 2016.Hasbro is Reiterated by Monness Crespi & Hardt to Buy and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $84 .The Rating was issued on Apr 19, 2016.Hasbro is Initiated by JP Morgan to Neutral and the brokerage firm has set the Price Target at $81. The Rating was issued on Apr 7, 2016.Hasbro is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 84 from a previous price target of $83 .The Rating was issued on Mar 31, 2016.Hasbro is Initiated by UBS to Neutral and the brokerage firm has set the Price Target at $83. The Rating was issued on Mar 24, 2016.

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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