Amundi Pioneer Asset Management Inc. raised its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 68.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,162,237 shares of the company’s stock after acquiring an additional 472,551 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Activision Blizzard were worth $54,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Steinberg Global Asset Management boosted its holdings in Activision Blizzard by 8.8% in the 4th quarter. Steinberg Global Asset Management now owns 37,210 shares of the company’s stock valued at $1,733,000 after purchasing an additional 3,008 shares during the period. Financial Enhancement Group LLC bought a new stake in Activision Blizzard in the 3rd quarter valued at $575,000. Capital International Investors boosted its holdings in Activision Blizzard by 233.8% in the 3rd quarter. Capital International Investors now owns 9,072,649 shares of the company’s stock valued at $754,754,000 after purchasing an additional 6,354,412 shares during the period. Riverhead Capital Management LLC boosted its holdings in Activision Blizzard by 10.2% in the 3rd quarter. Riverhead Capital Management LLC now owns 12,599 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,168 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Activision Blizzard in the 4th quarter valued at $4,634,000. 87.89% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert J. Morgado sold 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total transaction of $643,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.
Shares of Activision Blizzard stock opened at $46.87 on Friday. The stock has a market cap of $35.80 billion, a P/E ratio of 19.61, a PEG ratio of 2.31 and a beta of 0.82. 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, Inc. has a 12-month low of $39.85 and a 12-month high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. As a group, equities research analysts forecast that Activision Blizzard, Inc. will post 1.98 EPS for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, March 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a dividend yield of 0.83%. This is a boost from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio (DPR) is 14.23%.
A number of equities analysts have recently issued reports on the stock. Gabelli assumed coverage on shares of Activision Blizzard in a research note on Tuesday, December 4th. They issued a “buy” rating and a $64.00 price objective for the company. Credit Suisse Group dropped their price objective on shares of Activision Blizzard from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. Stephens assumed coverage on shares of Activision Blizzard in a research note on Thursday, January 10th. They issued an “overweight” rating and a $65.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $56.00 price objective (down previously from $64.00) on shares of Activision Blizzard in a research note on Wednesday, February 13th. Finally, Bank of America restated a “neutral” rating and issued a $54.00 price objective (down previously from $58.00) on shares of Activision Blizzard in a research note on Wednesday, February 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.89.
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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. 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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