Barrow Hanley Mewhinney & Strauss LLC Has $290.01 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,982,260 shares of the game software company’s stock after selling 54,402 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.76% of Electronic Arts worth $290,005,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $32,000. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the 4th quarter valued at $41,000. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts in the 4th quarter valued at $42,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA stock opened at $146.63 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50-day moving average of $145.39 and a 200-day moving average of $145.02. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $36.77 billion, a P/E ratio of 37.31, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 17.92%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the sale, the chief executive officer now directly owns 70,059 shares in the company, valued at $10,591,519.62. The trade was a 8.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,729 shares of company stock worth $4,107,664. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. TD Cowen increased their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 target price on Electronic Arts in a research report on Wednesday, May 7th. Wall Street Zen downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Benchmark raised 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. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $161.29.

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.