Louisiana State Employees Retirement System boosted its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 40,300 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Activision Blizzard were worth $1,835,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First National Bank of Hutchinson grew its position in shares of Activision Blizzard by 2.2% during the 4th quarter. First National Bank of Hutchinson now owns 10,979 shares of the company’s stock valued at $511,000 after acquiring an additional 240 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Activision Blizzard by 1.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,179 shares of the company’s stock valued at $1,033,000 after acquiring an additional 260 shares during the period. Cornerstone Advisors Inc. grew its position in shares of Activision Blizzard by 17.5% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,775 shares of the company’s stock valued at $83,000 after acquiring an additional 265 shares during the period. Kaizen Advisory LLC grew its position in shares of Activision Blizzard by 15.3% during the 4th quarter. Kaizen Advisory LLC now owns 2,163 shares of the company’s stock valued at $101,000 after acquiring an additional 287 shares during the period. Finally, Sigma Planning Corp grew its position in shares of Activision Blizzard by 7.2% during the 4th quarter. Sigma Planning Corp now owns 4,802 shares of the company’s stock valued at $224,000 after acquiring an additional 321 shares during the period. 89.05% of the stock is currently owned by institutional investors.
ATVI opened at $45.06 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 2.31. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $84.68. The company has a market capitalization of $34.95 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.83.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company posted $0.94 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts forecast that Activision Blizzard, Inc. will post 1.98 EPS for the current fiscal year.
The firm 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 a positive change from Activision Blizzard’s previous annual dividend of $0.34. The ex-dividend date is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio (DPR) is 15.48%.
In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total value of $643,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.29% of the company’s stock.
A number of research firms have recently commented on ATVI. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Activision Blizzard in a research report on Monday, April 1st. Robert W. Baird dropped their target price on Activision Blizzard from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, January 14th. Piper Jaffray Companies dropped their target price on Activision Blizzard to $55.00 and set an “overweight” rating on the stock in a research report on Friday, January 11th. BMO Capital Markets dropped their target price on Activision Blizzard from $45.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, February 15th. Finally, Stifel Nicolaus dropped their target price on Activision Blizzard from $67.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, January 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $62.04.
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About Activision Blizzard
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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