Ferguson Wellman Capital Management Inc. Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Ferguson Wellman Capital Management Inc. lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,360 shares of the game software company’s stock after selling 91 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Electronic Arts were worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Capital International Investors grew its stake in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after buying an additional 833,492 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after buying an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,144 shares of company stock worth $3,886,282 in the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $164.12 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $146.83 and its 200-day moving average price is $142.21. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $164.42. The stock has a market cap of $43.04 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.13 and a beta of 0.78.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s payout ratio is currently 19.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EA shares. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Argus increased their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Mkm increased their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

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.