MassMutual Private Wealth & Trust FSB Purchases 72 Shares of Electronic Arts Inc. $EA

MassMutual Private Wealth & Trust FSB grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,023 shares of the game software company’s stock after acquiring an additional 72 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Electronic Arts were worth $323,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC acquired a new stake in Electronic Arts during the first quarter worth approximately $319,000. CCM Investment Group LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after buying an additional 13,461 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Electronic Arts by 5.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock worth $15,300,000 after purchasing an additional 5,275 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Electronic Arts by 4.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company’s stock worth $23,495,000 after buying an additional 6,835 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EA. Bank of America boosted their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price for the company in a research report on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Citigroup reissued a “neutral” rating and set a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Finally, Roth Capital raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and increased their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.40.

Insider Activity

In related 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 transaction of $761,050.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total transaction of $222,480.00. Following the transaction, the executive vice president owned 28,448 shares in the company, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,800 shares of company stock worth $4,214,010. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.2%

Shares of NASDAQ EA opened at $173.17 on Friday. The firm’s 50 day moving average price is $164.59 and its 200-day moving average price is $152.85. The company has a market cap of $43.33 billion, a PE ratio of 43.40, a P/E/G ratio of 2.64 and a beta of 0.75. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $180.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is currently 19.05%.

Electronic Arts Company 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.