Oregon Public Employees Retirement Fund cut its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,212 shares of the company’s stock after selling 4,264 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Activision Blizzard were worth $4,350,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manchester Financial Inc. bought a new stake in Activision Blizzard in the fourth quarter worth $25,000. B & T Capital Management DBA Alpha Capital Management bought a new stake in Activision Blizzard in the third quarter worth $28,000. Massey Quick Simon & CO. LLC bought a new stake in Activision Blizzard in the third quarter worth $29,000. Global Retirement Partners LLC raised its stake in shares of Activision Blizzard by 77.2% in the fourth quarter. Global Retirement Partners LLC now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the last quarter. Finally, Peddock Capital Advisors LLC purchased a new position in shares of Activision Blizzard in the fourth quarter worth $37,000. Institutional investors own 88.65% of the company’s stock.
ATVI has been the subject of several recent analyst reports. Piper Sandler boosted their price target on Activision Blizzard from $62.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Argus restated a “focus list” rating on shares of Activision Blizzard in a research note on Friday, November 15th. Zacks Investment Research cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price target on Activision Blizzard from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Robert W. Baird restated a “buy” rating and issued a $61.00 price target on shares of Activision Blizzard in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $64.40.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data 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 firm had revenue of $2.71 billion during 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities research analysts predict that Activision Blizzard, Inc. will post 2.21 EPS for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 15th will be paid a $0.41 dividend. This is a positive change from Activision Blizzard’s previous annual dividend of $0.37. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a dividend yield of 0.67%. Activision Blizzard’s dividend payout ratio is 17.79%.
Activision Blizzard 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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