Pensionfund Sabic adds Hasbro (HAS) to its portfolio

Hasbro (HAS) : Pensionfund Sabic added new position in Hasbro during the most recent quarter end. The investment management firm now holds 20,500 shares of Hasbro which is valued at $1,613,145 , the company said in a statement filed on Oct 12, 2016 with the SEC.Hasbro makes up approximately 0.50% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in HAS by selling 528 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 530,486 shares of HAS which is valued at $41,743,943. Hasbro makes up approx 0.04% of Legal General Group Plc’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.Raymond James Trust N.a. reduced its stake in HAS by selling 344 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 5,840 shares of HAS which is valued at $465,915. Hasbro makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Advisory Services Network boosted its stake in HAS in the latest quarter, The investment management firm added 6,512 additional shares and now holds a total of 6,912 shares of Hasbro which is valued at $548,122. Hasbro makes up approx 0.10% of Advisory Services Network’s portfolio. Washington Trust Bank added HAS to its portfolio by purchasing 1,064 company shares during the most recent quarter which is valued at $85,588. Hasbro makes up approx 0.02% of Washington Trust Bank’s portfolio.

Hasbro closed down -1.09 points or -1.37% at $78.69 with 11,14,158 shares getting traded on Tuesday. Post opening the session at $79.82, the shares hit an intraday low of $78.404 and an intraday high of $79.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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