Amalgamated Bank cut its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 110,959 shares of the company’s stock after selling 3,012 shares during the period. Amalgamated Bank’s holdings in Activision Blizzard were worth $5,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $37,000. Lindbrook Capital LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $37,000. Pearl River Capital LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $41,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $45,000. Finally, Mondrian Capital Management LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

Shares of NASDAQ:ATVI opened at $46.43 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $84.68. The company has a market cap of $36.28 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.34 and a beta of 0.82.

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 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 business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Activision Blizzard, Inc. will post 1.98 EPS for the current fiscal year.

The company 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 dividend of $0.37 per share. The ex-dividend date is Wednesday, March 27th. This represents a yield of 0.83%. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s payout ratio is currently 14.23%.

In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of Activision Blizzard stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. 1.29% of the stock is owned by insiders.

A number of research firms recently issued reports on ATVI. Robert W. Baird dropped their price objective on shares of Activision Blizzard from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, January 14th. Piper Jaffray Companies dropped their price objective on shares of Activision Blizzard to $55.00 and set an “overweight” rating on the stock in a report on Friday, January 11th. BMO Capital Markets dropped their price objective on shares of Activision Blizzard from $45.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, February 15th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective (down previously from $90.00) on shares of Activision Blizzard in a report on Friday, December 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Activision Blizzard from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, January 28th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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