Invesco Ltd. Raises Stock Holdings in JAKKS Pacific, Inc. $JAKK

Invesco Ltd. grew its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,693 shares of the company’s stock after acquiring an additional 661 shares during the quarter. Invesco Ltd.’s holdings in JAKKS Pacific were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JAKK. CWM LLC lifted its position in shares of JAKKS Pacific by 464.0% in the first quarter. CWM LLC now owns 3,057 shares of the company’s stock valued at $75,000 after acquiring an additional 2,515 shares in the last quarter. US Bancorp DE purchased a new stake in shares of JAKKS Pacific in the first quarter valued at $78,000. Heck Capital Advisors LLC purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at $89,000. State of Wyoming purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at $113,000. Finally, GAMMA Investing LLC lifted its position in shares of JAKKS Pacific by 3,042.3% in the first quarter. GAMMA Investing LLC now owns 6,316 shares of the company’s stock valued at $156,000 after acquiring an additional 6,115 shares in the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JAKK. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Wall Street Zen downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

JAKKS Pacific Price Performance

JAKKS Pacific stock opened at $17.60 on Friday. The stock’s 50-day moving average is $18.54 and its 200-day moving average is $20.95. The company has a market cap of $196.24 million, a price-to-earnings ratio of 5.19 and a beta of 1.37. JAKKS Pacific, Inc. has a 12 month low of $16.24 and a 12 month high of $35.79.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, August 29th. JAKKS Pacific’s dividend payout ratio (DPR) is 29.50%.

JAKKS Pacific Company Profile

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.