SOL Capital Management CO cut its position in shares of Sony Corp Ord (NYSE:SNE) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,380 shares of the company’s stock after selling 2,150 shares during the period. SOL Capital Management CO’s holdings in Sony Corp Ord were worth $1,275,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Sony Corp Ord during the first quarter valued at approximately $151,000. O Shaughnessy Asset Management LLC increased its stake in Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after buying an additional 53 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Sony Corp Ord by 154.9% in the first quarter. Quadrant Capital Group LLC now owns 6,195 shares of the company’s stock valued at $198,000 after buying an additional 3,765 shares in the last quarter. Eastern Bank acquired a new stake in Sony Corp Ord during the first quarter valued at approximately $202,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Sony Corp Ord during the first quarter worth about $205,000. Institutional investors own 6.96% of the company’s stock.
Shares of Sony Corp Ord (SNE) opened at 39.00 on Friday. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65. The firm’s 50-day moving average is $39.61 and its 200 day moving average is $35.03. The stock has a market capitalization of $49.26 billion, a P/E ratio of 41.76 and a beta of 1.73.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1,858.10 billion during the quarter, compared to analyst estimates of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. Sony Corp Ord’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $16.44 earnings per share. On average, equities research analysts forecast that Sony Corp Ord will post $2.18 EPS for the current fiscal year.
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Several analysts have recently weighed in on SNE shares. Zacks Investment Research upgraded shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Sanford C. Bernstein initiated coverage on shares of Sony Corp Ord in a research note on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target for the company. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, J P Morgan Chase & Co raised shares of Sony Corp Ord from a “neutral” rating to an “overweight” rating in a report on Friday, April 21st. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.31.
About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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