Barrow Hanley Mewhinney & Strauss LLC Lowers Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,982,260 shares of the game software company’s stock after selling 54,402 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.76% of Electronic Arts worth $290,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of Electronic Arts by 46.9% in the third quarter. Cerity Partners LLC now owns 29,177 shares of the game software company’s stock valued at $4,185,000 after acquiring an additional 9,310 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Townsquare Capital LLC boosted its stake in Electronic Arts by 94.3% in the 3rd quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company’s stock worth $558,000 after purchasing an additional 1,888 shares during the period. Fiduciary Trust Co purchased a new stake in Electronic Arts during the 3rd quarter valued at approximately $261,000. Finally, Public Sector Pension Investment Board raised its position in shares of Electronic Arts by 11.3% during the third quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company’s stock valued at $1,272,000 after buying an additional 900 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.7 %

NASDAQ EA opened at $144.25 on Friday. The stock has a market cap of $37.59 billion, a PE ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company’s 50-day moving average price is $133.05 and its 200-day moving average price is $144.63. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,018,560 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EA. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $155.65.

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.