Intrust Bank NA lifted its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,579 shares of the company’s stock after buying an additional 366 shares during the period. Intrust Bank NA’s holdings in Activision Blizzard were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its position in shares of Activision Blizzard by 22.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,650,922 shares of the company’s stock valued at $87,367,000 after purchasing an additional 303,089 shares during the last quarter. NBW Capital LLC raised its stake in Activision Blizzard by 0.5% during the third quarter. NBW Capital LLC now owns 55,247 shares of the company’s stock valued at $2,924,000 after purchasing an additional 266 shares in the last quarter. Evoke Wealth LLC bought a new position in Activision Blizzard during the third quarter valued at $169,000. Andra AP fonden lifted its position in Activision Blizzard by 2.3% during the third quarter. Andra AP fonden now owns 96,600 shares of the company’s stock valued at $5,112,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Bfsg LLC purchased a new position in shares of Activision Blizzard in the 4th quarter worth $2,376,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.
In other news, Director Robert J. Morgado sold 32,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $62.24, for a total transaction of $1,991,680.00. Following the completion of the sale, the director now owns 85,161 shares in the company, valued at $5,300,420.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by corporate insiders.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, February 6th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.68 billion. Activision Blizzard had a return on equity of 13.16% and a net margin of 23.18%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. Equities analysts predict that Activision Blizzard, Inc. will post 2.28 EPS for the current fiscal year.
The business also recently declared an annual dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.41 per share. This represents a dividend yield of 0.67%. The ex-dividend date is Tuesday, April 14th. This is a boost from Activision Blizzard’s previous annual dividend of $0.37. Activision Blizzard’s dividend payout ratio is 17.79%.
Several brokerages have recently issued reports on ATVI. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Activision Blizzard in a research report on Friday, February 7th. Piper Jaffray Companies set a $62.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on Activision Blizzard from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Argus reissued a “focus list” rating on shares of Activision Blizzard in a research note on Friday, November 15th. Finally, Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.40.
Activision Blizzard Company 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. It 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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