Shapiro Capital Management LLC purchased a new position in Activision Blizzard, Inc. (NASDAQ:ATVI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,600 shares of the company’s stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATVI. Capital Investment Advisory Services LLC acquired a new position in shares of Activision Blizzard in the fourth quarter worth $37,000. Lindbrook Capital LLC acquired a new position in shares of Activision Blizzard in the fourth quarter worth $37,000. Pearl River Capital LLC acquired a new position in shares of Activision Blizzard in the fourth quarter worth $41,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at $45,000. Finally, Mondrian Capital Management LLC purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at $47,000. 88.21% of the stock is owned by institutional investors.
In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total transaction of $643,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is currently owned by insiders.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Activision Blizzard, Inc. will post 1.98 earnings per share for the current year.
The company also recently declared an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.37 per share. This represents a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s payout ratio is 14.23%.
ATVI has been the subject of a number of recent analyst reports. Gabelli initiated coverage on Activision Blizzard in a research report on Tuesday, December 4th. They issued a “buy” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. raised Activision Blizzard from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $72.00 to $66.00 in a research report on Thursday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective (down previously from $90.00) on shares of Activision Blizzard in a research report on Friday, December 14th. BidaskClub raised Activision Blizzard from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 18th. Finally, ValuEngine raised Activision Blizzard from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. Activision Blizzard has an average rating of “Buy” and a consensus price target of $61.89.
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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