Smith Salley Wealth Management Purchases 518 Shares of Electronic Arts Inc. (NASDAQ:EA)

Smith Salley Wealth Management raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,657 shares of the game software company’s stock after purchasing an additional 518 shares during the period. Smith Salley Wealth Management’s holdings in Electronic Arts were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC boosted its stake in shares of Electronic Arts by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 42,256 shares of the game software company’s stock valued at $5,888,000 after purchasing an additional 1,839 shares in the last quarter. Brighton Jones LLC bought a new stake in Electronic Arts during the 2nd quarter valued at $450,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Electronic Arts by 33.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,119 shares of the game software company’s stock valued at $1,410,000 after acquiring an additional 2,540 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Electronic Arts by 14.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 363,964 shares of the game software company’s stock worth $50,711,000 after acquiring an additional 45,028 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in Electronic Arts during the second quarter valued at about $653,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Trading Up 0.4 %

Shares of NASDAQ:EA opened at $142.00 on Friday. The company has a market capitalization of $37.24 billion, a PE ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The business has a 50 day moving average of $155.38 and a two-hundred day moving average of $149.12. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,637,660 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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.