RDL Financial Inc. trimmed its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 24.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,728 shares of the company’s stock after selling 2,754 shares during the quarter. RDL Financial Inc.’s holdings in Activision Blizzard were worth $397,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steinberg Global Asset Management increased its position in shares of Activision Blizzard by 8.8% during the fourth quarter. Steinberg Global Asset Management now owns 37,210 shares of the company’s stock worth $1,733,000 after acquiring an additional 3,008 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Activision Blizzard during the fourth quarter worth about $4,634,000. Probity Advisors Inc. purchased a new stake in shares of Activision Blizzard during the fourth quarter worth about $362,000. Financial Enhancement Group LLC acquired a new position in Activision Blizzard in the third quarter worth about $575,000. Finally, Maplelane Capital LLC acquired a new position in Activision Blizzard in the fourth quarter worth about $11,550,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ATVI traded up $0.03 during midday trading on Monday, hitting $45.34. 4,229,336 shares of the company’s stock were exchanged, compared to its average volume of 11,977,682. The company has a current ratio of 2.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $34.61 billion, a PE ratio of 18.97, a P/E/G ratio of 2.27 and a beta of 0.83. Activision Blizzard, Inc. has a twelve month low of $39.85 and a twelve month high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The business 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 business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. Sell-side analysts forecast that Activision Blizzard, Inc. will post 1.98 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.37 per share. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. This represents a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 27th. Activision Blizzard’s payout ratio is 15.48%.

In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the business’s stock in a transaction 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 available through the SEC website. 1.29% of the stock is owned by insiders.

A number of research firms recently commented on ATVI. Piper Jaffray Companies decreased their price target on Activision Blizzard to $55.00 and set an “overweight” rating for the company in a research note on Friday, January 11th. KeyCorp decreased their price target on Activision Blizzard from $80.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, January 11th. Benchmark decreased their price target on Activision Blizzard from $93.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, January 11th. Stephens began coverage on Activision Blizzard in a research note 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 research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $62.04.

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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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