Callan Family Office LLC Acquires 3,461 Shares of Electronic Arts Inc. $EA

Key Points

• Callan Family Office LLC increased its holdings in Electronic Arts Inc. by 113.5% during the second quarter, acquiring an additional 3,461 shares, bringing its total ownership to 6,510 shares valued at approximately $1,040,000.
• Electronic Arts announced a quarterly dividend of $0.19 per share, resulting in an annualized value of $0.76 and a dividend yield of 0.4%.
• Analysts have mixed views on EA's stock, with various price target adjustments; notably, Argus raised its target to $210.00, while Roth Capital downgraded its rating to neutral.

Callan Family Office LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 113.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,510 shares of the game software company's stock after purchasing an additional 3,461 shares during the period. Callan Family Office LLC's holdings in Electronic Arts were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock worth $695,645,000 after acquiring an additional 193,442 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of Electronic Arts by 2.3% during the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock worth $570,233,000 after acquiring an additional 88,767 shares during the period. Invesco Ltd. lifted its holdings in shares of Electronic Arts by 15.6% during the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock worth $539,563,000 after acquiring an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after acquiring an additional 1,254,194 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

EA stock opened at $200.01 on Monday. The company has a 50 day simple moving average of $177.15 and a 200 day simple moving average of $158.70. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total value of $222,480.00. Following the completion of the transaction, the executive vice president directly owned 28,448 shares in the company, valued at approximately $4,219,407.36. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the completion of the transaction, the insider owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock valued at $7,247,635 in the last quarter. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EA shares. Argus upped their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Roth Capital downgraded shares of Electronic Arts from a "buy" rating to a "neutral" rating and upped their price target for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. DA Davidson upped their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Jefferies Financial Group downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating and upped their price target for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Finally, Baird R W downgraded shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of "Hold" and a consensus price target of $177.00.

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.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.