Childress Capital Advisors LLC Takes Position in Activision Blizzard, Inc. (NASDAQ:ATVI)

Childress Capital Advisors LLC bought a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 576 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guardian Capital LP increased its stake in shares of Activision Blizzard by 1.6% in the 4th quarter. Guardian Capital LP now owns 6,161 shares of the company’s stock valued at $572,000 after buying an additional 98 shares during the period. First Commonwealth Financial Corp PA grew its stake in shares of Activision Blizzard by 2.1% during the fourth quarter. First Commonwealth Financial Corp PA now owns 5,919 shares of the company’s stock worth $550,000 after purchasing an additional 121 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Activision Blizzard by 4.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,067 shares of the company’s stock worth $285,000 after purchasing an additional 122 shares during the period. Webster Bank N. A. grew its stake in shares of Activision Blizzard by 10.6% during the fourth quarter. Webster Bank N. A. now owns 1,300 shares of the company’s stock worth $121,000 after purchasing an additional 125 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of Activision Blizzard by 0.8% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 16,430 shares of the company’s stock worth $1,525,000 after purchasing an additional 125 shares during the period. 85.77% of the stock is owned by institutional investors.

NASDAQ ATVI opened at $96.84 on Thursday. The company has a market capitalization of $75.03 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.72 and a beta of 0.71. Activision Blizzard, Inc. has a twelve month low of $59.55 and a twelve month high of $104.53. The stock has a fifty day simple moving average of $94.45 and a 200 day simple moving average of $87.55. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.25.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Wednesday, February 3rd. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.03. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.84 billion. Activision Blizzard had a return on equity of 19.07% and a net margin of 28.90%. During the same period in the prior year, the business posted $1.23 earnings per share. Research analysts expect that Activision Blizzard, Inc. will post 3.22 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Thursday, May 6th. Shareholders of record on Thursday, April 15th will be issued a dividend of $0.47 per share. This is an increase from Activision Blizzard’s previous annual dividend of $0.41. This represents a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, April 14th. Activision Blizzard’s dividend payout ratio (DPR) is presently 19.71%.

Several research analysts have weighed in on ATVI shares. Credit Suisse Group lifted their target price on Activision Blizzard from $96.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, February 1st. Benchmark boosted their price target on Activision Blizzard from $109.00 to $118.00 and gave the company a “buy” rating in a report on Monday, March 1st. KeyCorp boosted their price target on Activision Blizzard from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 5th. Argus boosted their price target on Activision Blizzard from $102.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Finally, Barclays boosted their price target on Activision Blizzard from $100.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, February 5th. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $102.23.

In other Activision Blizzard news, COO Daniel Alegre sold 18,500 shares of the stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $95.74, for a total transaction of $1,771,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher B. Walther sold 45,030 shares of the stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $91.98, for a total value of $4,141,859.40. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

About Activision Blizzard

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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