Huntington National Bank lessened its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265 shares of the company’s stock after selling 408 shares during the quarter. Huntington National Bank’s holdings in Activision Blizzard were worth $58,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in shares of Activision Blizzard in the first quarter valued at $233,000. Fulton Bank N.A. raised its stake in shares of Activision Blizzard by 3.6% in the first quarter. Fulton Bank N.A. now owns 16,928 shares of the company’s stock valued at $771,000 after purchasing an additional 588 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of Activision Blizzard by 36.7% in the first quarter. Dubuque Bank & Trust Co. now owns 2,000 shares of the company’s stock valued at $91,000 after purchasing an additional 537 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Activision Blizzard by 6.5% in the first quarter. First Hawaiian Bank now owns 15,146 shares of the company’s stock valued at $690,000 after purchasing an additional 920 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Activision Blizzard by 55.8% in the first quarter. Private Trust Co. NA now owns 14,657 shares of the company’s stock valued at $667,000 after purchasing an additional 5,247 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on ATVI. Piper Jaffray Companies cut their target price on Activision Blizzard to $55.00 and set an “overweight” rating for the company in a research note on Friday, January 11th. KeyCorp lowered their price target on Activision Blizzard from $80.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, January 11th. Benchmark lowered their price target on Activision Blizzard from $93.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 11th. Stephens assumed coverage on Activision Blizzard in a research report on Thursday, January 10th. They issued an “overweight” rating and a $65.00 price target on the stock. Finally, BidaskClub upgraded Activision Blizzard from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $62.04.
Shares of ATVI stock opened at $44.98 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The firm has a market cap of $34.46 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.83. Activision Blizzard, Inc. has a 52 week low of $39.85 and a 52 week high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, February 12th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities analysts predict that Activision Blizzard, Inc. will post 1.98 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.37 per share. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio is presently 15.48%.
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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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