Boston Trust Walden Corp Lowers Stake in Electronic Arts Inc. (NASDAQ:EA)

Boston Trust Walden Corp decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 35.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,785 shares of the game software company’s stock after selling 40,820 shares during the period. Boston Trust Walden Corp’s holdings in Electronic Arts were worth $10,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in Electronic Arts by 1.3% during 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. MCF Advisors LLC boosted its stake in shares of Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after buying an additional 96 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Electronic Arts by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares in the last quarter. Claro Advisors LLC lifted its holdings in Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after acquiring an additional 100 shares during the period. Finally, Cape Investment Advisory Inc. grew its stake in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA traded up $1.32 during trading hours on Friday, hitting $148.36. 1,821,574 shares of the stock were exchanged, compared to its average volume of 2,153,466. The stock has a market cap of $39.42 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The stock has a 50-day simple moving average of $142.55 and a 200-day simple moving average of $136.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s payout ratio is presently 16.24%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EA shares. Bank of America upped their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group upped their price objective on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.28.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now directly owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now owns 39,374 shares of the company’s stock, valued at approximately $5,232,017.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now owns 10,553 shares in the company, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold 24,365 shares of company stock worth $3,382,352 over the last 90 days. 0.22% of the stock is owned by company insiders.

Electronic Arts 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.