Stifel Financial Corp raised its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 43.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 361,982 shares of the company’s stock after purchasing an additional 109,414 shares during the period. Stifel Financial Corp’s holdings in Activision Blizzard were worth $16,858,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. First National Bank of Hutchinson raised its position in Activision Blizzard by 2.2% in the 4th quarter. First National Bank of Hutchinson now owns 10,979 shares of the company’s stock worth $511,000 after purchasing an additional 240 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Activision Blizzard by 1.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,179 shares of the company’s stock worth $1,033,000 after purchasing an additional 260 shares during the period. Cornerstone Advisors Inc. raised its position in Activision Blizzard by 17.5% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,775 shares of the company’s stock worth $83,000 after purchasing an additional 265 shares during the period. Sigma Planning Corp grew its stake in Activision Blizzard by 7.2% in the 4th quarter. Sigma Planning Corp now owns 4,802 shares of the company’s stock worth $224,000 after acquiring an additional 321 shares in the last quarter. Finally, Condor Capital Management grew its stake in Activision Blizzard by 1.4% in the 4th quarter. Condor Capital Management now owns 29,563 shares of the company’s stock worth $1,377,000 after acquiring an additional 407 shares in the last quarter. 88.21% of the stock is currently owned by institutional investors.
ATVI has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Robert W. Baird dropped their target price on shares of Activision Blizzard from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, January 14th. BidaskClub downgraded shares of Activision Blizzard from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Barclays restated a “buy” rating and issued a $59.00 target price on shares of Activision Blizzard in a research note on Sunday, January 13th. Finally, Benchmark dropped their target price on shares of Activision Blizzard from $87.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.65.
ATVI traded up $0.70 during trading on Friday, hitting $44.02. The stock had a trading volume of 5,416,554 shares, compared to its average volume of 13,722,355. The company has a market cap of $33.38 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. Activision Blizzard, Inc. has a twelve month low of $39.85 and a twelve month high of $84.68. The company has a quick ratio of 2.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.24.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.04 billion. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. Activision Blizzard’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. On average, sell-side analysts expect that Activision Blizzard, Inc. will post 1.98 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a $0.37 dividend. This represents a yield of 0.83%. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. The ex-dividend date of this dividend is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio (DPR) is 14.23%.
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Activision Blizzard Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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