Diversified Trust Co Grows Position in Electronic Arts Inc. $EA

Key Points

• Diversified Trust Co has significantly increased its holdings in Electronic Arts Inc. by 268.9% during the second quarter, now owning 16,515 shares valued at approximately $2.6 million.
• Several other hedge funds, including Vanguard Group and Goldman Sachs Group, have also increased their stakes in Electronic Arts, reflecting a strong interest from institutional investors with 90.23% of the stock now held by them.
• The company has announced a quarterly dividend of $0.19 per share, translating to an annualized dividend yield of 0.4%, with a payout ratio currently at 19.05%.

Diversified Trust Co increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 268.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,515 shares of the game software company's stock after buying an additional 12,038 shares during the period. Diversified Trust Co's holdings in Electronic Arts were worth $2,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Electronic Arts by 0.5% in the first 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 last quarter. Independent Franchise Partners LLP increased its stake in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after purchasing an additional 88,767 shares during the last quarter. Invesco Ltd. increased its stake in Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after purchasing an additional 1,936,313 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the sale, the chief executive officer directly owned 52,393 shares of the company's stock, valued at $8,961,822.65. This trade represents a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the sale, the executive vice president directly owned 26,080 shares of the company's stock, valued at approximately $4,473,241.60. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,800 shares of company stock valued at $4,214,010. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $173.09 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a fifty day moving average price of $165.08 and a 200 day moving average price of $153.27. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company has a market cap of $43.31 billion, a PE ratio of 43.38, a P/E/G ratio of 2.63 and a beta of 0.75.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on EA shares. Citigroup reiterated a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a research note on Monday, August 25th. UBS Group set a $167.00 target price on shares of Electronic Arts and gave the stock a "neutral" rating in a research report on Friday, August 1st. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Arete Research set a $192.00 target price on shares of Electronic Arts in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $167.40.

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.

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