Mercer Global Advisors Inc. ADV Purchases New Position in Activision Blizzard, Inc. (ATVI)
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.
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.
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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