Howe Rusling Inc buys $7,232,611 stake in Hasbro (HAS)

Hasbro (HAS) : Howe Rusling Inc scooped up 5,181 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 94,966 shares of Hasbro which is valued at $7,232,611.Hasbro makes up approximately 1.59% of Howe Rusling Inc’s portfolio.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in HAS by selling 601 shares or 15.41% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of HAS which is valued at $252,846. Hasbro makes up approx 0.01% of Cornerstone Investment Partners’s portfolio.British Columbia Investment Management Corp reduced its stake in HAS by selling 16,282 shares or 18.62% in the most recent quarter. The Hedge Fund company now holds 71,158 shares of HAS which is valued at $5,599,423. Hasbro makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Lgt Capital Partners Ltd. boosted its stake in HAS in the latest quarter, The investment management firm added 13,000 additional shares and now holds a total of 64,600 shares of Hasbro which is valued at $5,153,788. Hasbro makes up approx 0.73% of Lgt Capital Partners Ltd.’s portfolio.Chevy Chase Trust Holdings reduced its stake in HAS by selling 1,682 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 94,744 shares of HAS which is valued at $7,621,207. Hasbro makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.

Hasbro closed down -0.46 points or -0.60% at $76.16 with 29,77,594 shares getting traded on Friday. Post opening the session at $77.1, the shares hit an intraday low of $76.14 and an intraday high of $77.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hasbro reported $2.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $1.74. The company had revenue of $1679.80 million for the quarter, compared to analysts expectations of $1552.71 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 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.

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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