MCF Advisors LLC Has $35,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

MCF Advisors LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262 shares of the game software company’s stock after selling 94 shares during the period. MCF Advisors LLC’s holdings in Electronic Arts were worth $35,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. KRS Capital Management LLC increased its holdings in shares of Electronic Arts by 17.1% during the first quarter. KRS Capital Management LLC now owns 1,880 shares of the game software company’s stock worth $249,000 after purchasing an additional 275 shares during the period. Janiczek Wealth Management LLC increased its holdings in shares of Electronic Arts by 15.2% during the first quarter. Janiczek Wealth Management LLC now owns 895 shares of the game software company’s stock worth $119,000 after purchasing an additional 118 shares during the period. Eagle Rock Investment Company LLC increased its holdings in shares of Electronic Arts by 1.9% during the first quarter. Eagle Rock Investment Company LLC now owns 28,200 shares of the game software company’s stock worth $3,741,000 after purchasing an additional 530 shares during the period. Riverview Trust Co bought a new position in shares of Electronic Arts during the first quarter worth approximately $64,000. Finally, Jacobs & Co. CA increased its holdings in shares of Electronic Arts by 5.1% during the first quarter. Jacobs & Co. CA now owns 55,490 shares of the game software company’s stock worth $7,361,000 after purchasing an additional 2,670 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.1 %

Shares of NASDAQ:EA traded down $0.19 during mid-day trading on Friday, reaching $139.33. 2,423,533 shares of the company’s stock were exchanged, compared to its average volume of 2,098,404. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.22 and a beta of 0.80. The business’s fifty day moving average price is $132.71 and its 200-day moving average price is $134.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. On average, research analysts predict that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s payout ratio is 16.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EA. Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Friday, June 21st. UBS Group decreased their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $147.50.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the transaction, the chief financial officer now owns 10,553 shares in the company, valued at $1,488,078.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the sale, the chief financial officer now directly owns 10,553 shares of the company’s stock, valued at $1,488,078.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the sale, the chief operating officer now directly owns 34,772 shares of the company’s stock, valued at $4,618,417.04. The disclosure for this sale can be found here. Insiders have sold a total of 25,039 shares of company stock worth $3,325,484 over the last quarter. Company insiders own 0.22% of the company’s stock.

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.