Mercer Global Advisors Inc. ADV acquired a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,428 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Activision Blizzard during the 4th quarter worth $37,000. Lindbrook Capital LLC acquired a new stake in Activision Blizzard in the 4th quarter valued at $37,000. IMS Capital Management acquired a new stake in Activision Blizzard in the 3rd quarter valued at $69,000. Pearl River Capital LLC acquired a new stake in Activision Blizzard in the 4th quarter valued at $41,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Activision Blizzard in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Shares of Activision Blizzard stock opened at $45.31 on Monday. 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 cap of $34.61 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.83. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last announced its 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. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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 was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. On average, analysts predict that Activision Blizzard, Inc. will post 1.98 EPS for the current fiscal 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 paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. This represents a dividend yield of 0.83%. Activision Blizzard’s dividend payout ratio (DPR) is currently 15.48%.

In other news, Director Robert J. Morgado sold 15,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.29% of the company’s stock.

Several brokerages recently issued reports on ATVI. Piper Jaffray Companies lowered their price target on Activision Blizzard to $55.00 and set an “overweight” rating for the company in a report on Friday, January 11th. KeyCorp lowered their price target on Activision Blizzard from $80.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, January 11th. Benchmark lowered their price target on Activision Blizzard from $93.00 to $87.00 and set a “buy” rating for the company in a report on Friday, January 11th. Stephens began coverage on Activision Blizzard in a report on Thursday, January 10th. They issued an “overweight” rating and a $65.00 price target for the company. Finally, BidaskClub upgraded Activision Blizzard from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $62.04.

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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. 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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