Sentry Investment Management LLC decreased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,156 shares of the company’s stock after selling 1,264 shares during the period. Sentry Investment Management LLC’s holdings in Activision Blizzard were worth $2,243,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ATVI. Capital Investment Advisory Services LLC bought a new position in shares of Activision Blizzard during the fourth quarter worth about $37,000. Lindbrook Capital LLC bought a new position in shares of Activision Blizzard during the fourth quarter worth about $37,000. IMS Capital Management bought a new position in shares of Activision Blizzard during the third quarter worth about $69,000. Pearl River Capital LLC bought a new position in shares of Activision Blizzard during the fourth quarter worth about $41,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Activision Blizzard during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 88.05% of the company’s stock.
Get Activision Blizzard alerts:Shares of NASDAQ ATVI opened at $42.32 on Friday. Activision Blizzard, Inc. has a twelve month low of $39.85 and a twelve month high of $84.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.31 and a quick ratio of 2.29. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the company earned $0.94 EPS. Activision Blizzard’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Activision Blizzard, Inc. will post 1.98 EPS for the current year.
The firm also recently declared an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be issued a $0.37 dividend. This represents a yield of 0.83%. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. The ex-dividend date of this dividend is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio is presently 14.23%.
Several research firms have recently commented on ATVI. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Credit Suisse Group lowered their price target on shares of Activision Blizzard from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 13th. BidaskClub upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Robert W. Baird reduced their price objective on shares of Activision Blizzard from $69.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, February 13th. Finally, MKM Partners reduced their price objective on shares of Activision Blizzard to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $63.46.
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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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