Capital Group Private Client Services Inc. Cuts Position in Electronic Arts Inc. $EA

Capital Group Private Client Services Inc. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 95.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,726 shares of the game software company’s stock after selling 60,701 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Electronic Arts were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Ameriflex Group Inc. grew its holdings in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the period. Fideuram Asset Management Ireland dac bought a new position in Electronic Arts during the 4th quarter valued at approximately $44,000. Geneos Wealth Management Inc. increased its position in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares in the last quarter. Salomon & Ludwin LLC increased its position in Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Finally, Asset Dedication LLC increased its position in Electronic Arts by 333.3% during the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA opened at $203.00 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $202.21 and a 200-day moving average price of $202.30. Electronic Arts Inc. has a twelve month low of $145.54 and a twelve month high of $204.88. The stock has a market capitalization of $50.90 billion, a price-to-earnings ratio of 58.17, a PEG ratio of 2.24 and a beta of 0.65.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $196.64.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,906 shares of company stock valued at $8,032,336 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.