Wesleyan Assurance Society Has $6 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Wesleyan Assurance Society increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 27.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,500 shares of the game software company's stock after purchasing an additional 9,000 shares during the quarter. Wesleyan Assurance Society's holdings in Electronic Arts were worth $5,997,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EA. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $37,000. Virtu Financial LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $658,000. Mizuho Securities USA LLC grew its stake in shares of Electronic Arts by 45.1% during the fourth quarter. Mizuho Securities USA LLC now owns 22,620 shares of the game software company's stock valued at $3,309,000 after buying an additional 7,030 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Electronic Arts by 3.3% during the fourth quarter. American Century Companies Inc. now owns 377,231 shares of the game software company's stock valued at $55,189,000 after buying an additional 12,026 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $152.21, for a total value of $761,050.00. Following the completion of the sale, the chief executive officer owned 57,393 shares in the company, valued at $8,735,788.53. This represents a 8.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the sale, the chief financial officer owned 14,533 shares of the company's stock, valued at approximately $2,199,133.56. The trade was a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,729 shares of company stock valued at $4,822,884 in the last ninety days. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on EA. Robert W. Baird set a $168.00 price objective on Electronic Arts in a report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a report on Tuesday. Argus set a $170.00 price objective on Electronic Arts in a research report on Friday, May 16th. The Goldman Sachs Group lifted their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Citigroup reissued a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Fourteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.71.

Electronic Arts Price Performance

NASDAQ EA traded down $1.07 on Thursday, reaching $152.66. 1,149,078 shares of the stock traded hands, compared to its average volume of 3,506,562. The firm's fifty day simple moving average is $150.84 and its 200 day simple moving average is $142.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.13 and a beta of 0.73. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

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

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.