MCF Advisors LLC Lowers Stock Position in Electronic Arts Inc. (NASDAQ:EA)

MCF Advisors LLC lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 26.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262 shares of the game software company’s stock after selling 94 shares during the quarter. MCF Advisors LLC’s holdings in Electronic Arts were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after buying an additional 84 shares during the last quarter. Mirador Capital Partners LP raised its position in Electronic Arts by 2.9% in the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. raised its position in Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after buying an additional 93 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Electronic Arts by 7.5% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after buying an additional 95 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its position in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.1 %

Electronic Arts stock traded down $0.19 during midday trading on Friday, reaching $139.33. The company’s stock had a trading volume of 2,423,533 shares, compared to its average volume of 2,098,404. The stock’s 50-day simple moving average is $132.71 and its 200-day simple moving average is $134.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market capitalization of $37.02 billion, a P/E ratio of 29.77, a PEG ratio of 2.22 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. On average, sell-side analysts expect that Electronic Arts Inc. will post 5.72 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In other news, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the transaction, the chief operating officer now directly owns 34,772 shares of the company’s stock, valued at approximately $4,618,417.04. The sale was disclosed in a filing with the SEC, which is available at this link. In other Electronic Arts news, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $265,640.00. Following the completion of the sale, the chief operating officer now directly owns 34,772 shares in the company, valued at approximately $4,618,417.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,039 shares of company stock valued at $3,325,484. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets cut their price target on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Roth Mkm cut their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird cut their price objective on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Benchmark reiterated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $147.50.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.