Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Hancock Whitney Corp

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Hancock Whitney Corp cut its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,001 shares of the company’s stock after selling 2,157 shares during the period. Hancock Whitney Corp’s holdings in Activision Blizzard were worth $2,318,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Manchester Financial Inc. acquired a new position in Activision Blizzard during the fourth quarter worth $25,000. B & T Capital Management DBA Alpha Capital Management acquired a new position in Activision Blizzard during the third quarter worth $28,000. Massey Quick Simon & CO. LLC acquired a new position in Activision Blizzard during the third quarter worth $29,000. Candriam Luxembourg S.C.A. boosted its stake in Activision Blizzard by 50.7% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 489,868 shares of the company’s stock worth $29,000 after buying an additional 164,842 shares during the last quarter. Finally, Quantum Capital Management acquired a new position in Activision Blizzard during the third quarter worth $33,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Activision Blizzard stock opened at $63.52 on Friday. Activision Blizzard, Inc. has a 52 week low of $40.89 and a 52 week high of $63.54. The business’s fifty day simple moving average is $59.88 and its 200-day simple moving average is $54.97. The firm has a market cap of $48.09 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.04. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.68 billion. Activision Blizzard had a return on equity of 13.16% and a net margin of 23.18%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. As a group, equities analysts expect that Activision Blizzard, Inc. will post 2.27 earnings per share for the current year.

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 15th will be issued a $0.41 dividend. This represents a dividend yield of 0.67%. The ex-dividend date is Tuesday, April 14th. This is an increase from Activision Blizzard’s previous annual dividend of $0.37. Activision Blizzard’s payout ratio is currently 17.79%.

A number of research firms have weighed in on ATVI. Morgan Stanley boosted their price objective on Activision Blizzard from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their price objective on Activision Blizzard from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Credit Suisse Group boosted their price objective on Activision Blizzard from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 31st. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective (up previously from $65.00) on shares of Activision Blizzard in a research note on Friday, January 10th. Finally, Barclays set a $63.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.40.

In related news, Director Robert J. Morgado sold 32,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $62.24, for a total value of $1,991,680.00. Following the sale, the director now owns 85,161 shares in the company, valued at approximately $5,300,420.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is currently owned by insiders.

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. It 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.

Further Reading: Treasury Bonds

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

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