Advisor Group Inc. reduced its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 31.6% during the fourth quarter, Holdings Channel reports. The fund owned 24,606 shares of the company’s stock after selling 11,369 shares during the period. Advisor Group Inc.’s holdings in Activision Blizzard were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital Investment Advisory Services LLC bought a new position in shares of Activision Blizzard in the fourth quarter worth approximately $37,000. Lindbrook Capital LLC bought a new position in shares of Activision Blizzard in the fourth quarter worth approximately $37,000. Pearl River Capital LLC bought a new position in shares of Activision Blizzard in the fourth quarter worth approximately $41,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Activision Blizzard in the fourth quarter worth approximately $45,000. Finally, Mondrian Capital Management LLC bought a new position in shares of Activision Blizzard in the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 88.21% of the company’s stock.

Shares of Activision Blizzard stock opened at $43.32 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $33.38 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.04 and a beta of 0.82. 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 quarterly earnings data on Tuesday, February 12th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.04 billion. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. Sell-side analysts anticipate that Activision Blizzard, Inc. will post 1.98 EPS for the current year.

The company also recently disclosed 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. The ex-dividend date is Wednesday, March 27th. This represents a yield of 0.83%. This is a positive change from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio (DPR) is currently 14.23%.

Several brokerages have recently issued reports on ATVI. Gabelli began coverage on shares of Activision Blizzard in a report on Tuesday, December 4th. They issued a “buy” rating and a $64.00 target price on the stock. Credit Suisse Group cut their target price on shares of Activision Blizzard from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Stephens began coverage on shares of Activision Blizzard in a report on Thursday, January 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Wedbush restated an “outperform” rating and issued a $56.00 target price (down previously from $64.00) on shares of Activision Blizzard in a report on Wednesday, February 13th. Finally, Bank of America restated a “neutral” rating and issued a $54.00 target price (down previously from $58.00) on shares of Activision Blizzard in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $62.65.

In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total transaction of $643,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.29% of the company’s stock.

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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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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