Activision Blizzard Inc. (ATVI) Plans Quarterly Dividend of $0.20
Activision Blizzard (NASDAQ:ATVI) announced a quarterly dividend on Thursday, February 6th, Analyst RN reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.20 per share on Wednesday, May 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.66%.
ATVI has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Activision Blizzard in a research note to investors on Friday, January 17th. They set a “buy” rating and a $23.00 price target on the stock. On a related note, analysts at UBS AG raised their price target on shares of Activision Blizzard from $21.00 to $23.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Friday, January 10th. They now have a $22.00 price target on the stock, up previously from $21.00. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.28.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 1.66% on Thursday, hitting $17.17. 7,382,855 shares of the company’s stock traded hands. Activision Blizzard has a 1-year low of $11.82 and a 1-year high of $18.55. The stock has a 50-day moving average of $17.50 and a 200-day moving average of $17.15. The company has a market cap of $11.941 billion and a P/E ratio of 16.24. Activision Blizzard also was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 12,564,332 shares, a drop of 11.9% from the December 31st total of 14,053,944 shares. Based on an average trading volume of 6,027,172 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.9% of the company’s stock are sold short.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $0.90 earnings per share for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.