US Bancorp DE Takes Position in JAKKS Pacific, Inc. $JAKK

US Bancorp DE acquired a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,181 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its position in shares of JAKKS Pacific by 464.0% during the first quarter. CWM LLC now owns 3,057 shares of the company’s stock valued at $75,000 after purchasing an additional 2,515 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of JAKKS Pacific during the fourth quarter valued at approximately $89,000. State of Wyoming bought a new stake in shares of JAKKS Pacific during the fourth quarter valued at approximately $113,000. GAMMA Investing LLC increased its position in shares of JAKKS Pacific by 3,042.3% during the first quarter. GAMMA Investing LLC now owns 6,316 shares of the company’s stock valued at $156,000 after purchasing an additional 6,115 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of JAKKS Pacific by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock valued at $195,000 after purchasing an additional 1,105 shares during the period. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $17.16 on Tuesday. The stock’s fifty day simple moving average is $19.46 and its 200 day simple moving average is $22.24. The firm has a market cap of $191.33 million, a price-to-earnings ratio of 5.06 and a beta of 1.19. JAKKS Pacific, Inc. has a one year low of $16.24 and a one year high of $35.79.

JAKKS Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.00 annualized dividend and a yield of 5.8%. JAKKS Pacific’s payout ratio is currently 29.50%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.