Boston Trust Walden Corp Trims Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Boston Trust Walden Corp trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,600 shares of the game software company’s stock after selling 805 shares during the quarter. Boston Trust Walden Corp’s holdings in Electronic Arts were worth $7,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Putney Financial Group LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new position in Electronic Arts during the fourth quarter valued at approximately $32,000. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth $37,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.3%

NASDAQ EA opened at $150.56 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.08 and a beta of 0.71. The company has a fifty day moving average of $148.19 and a two-hundred day moving average of $142.81.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 17.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $168.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. Wedbush boosted their price objective on Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Morgan Stanley upped their price objective on Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. TD Cowen lifted their target price on Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $161.88.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the transaction, the chief executive officer now owns 27,615 shares of the company’s stock, valued at $4,014,392.55. This trade represents a 15.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,229 shares of company stock worth $3,618,199. Insiders own 0.22% of the company’s stock.

About Electronic Arts

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.