4,875 Shares in Sony Corp (SNE) Acquired by KCS Wealth Advisory

KCS Wealth Advisory acquired a new stake in Sony Corp (NYSE:SNE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,875 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also recently modified their holdings of SNE. Wells Fargo & Company MN lifted its position in Sony by 7.5% in the 2nd quarter. Wells Fargo & Company MN now owns 629,249 shares of the company’s stock valued at $24,031,000 after purchasing an additional 43,929 shares during the last quarter. Systematic Financial Management LP bought a new stake in Sony in the 2nd quarter valued at about $978,000. Raymond James Trust N.A. lifted its position in Sony by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock valued at $235,000 after purchasing an additional 111 shares during the last quarter. Fiera Capital Corp lifted its position in Sony by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after purchasing an additional 175 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Sony by 18.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 20,435 shares of the company’s stock valued at $780,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 6.77% of the company’s stock.

Several brokerages recently weighed in on SNE. Jefferies Group reiterated a “buy” rating and issued a $59.84 price objective on shares of Sony in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $48.19.

Sony Corp (SNE) opened at $50.03 on Friday. The company has a market cap of $63,531.64, a PE ratio of 28.11 and a beta of 1.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. Sony Corp has a 52 week low of $29.16 and a 52 week high of $50.82.

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Sony Profile

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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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