Johnson Investment Counsel Inc. Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Johnson Investment Counsel Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,035 shares of the game software company’s stock after buying an additional 88 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Electronic Arts were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Putney Financial Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at $32,000. LGT Financial Advisors LLC purchased a new position in Electronic Arts in the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC acquired a new position in Electronic Arts during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.3%

EA stock opened at $150.56 on Monday. The stock has a market capitalization of $37.76 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The company has a fifty day moving average of $148.19 and a 200-day moving average of $142.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.19 dividend. 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 dividend payout ratio is presently 17.92%.

Insider Buying and Selling at Electronic Arts

In related news, 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 sale, the insider now owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,229 shares of company stock valued at $3,618,199. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EA shares. Benchmark lifted their price objective on Electronic Arts from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Wedbush lifted their price target on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Roth Capital reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Oppenheimer lifted their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.88.

Electronic Arts Profile

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.