Massey Quick Simon & CO. LLC acquired a new position in shares of Sony Corp (NYSE:SNE) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,000 shares of the company’s stock, valued at approximately $42,000.
A number of other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its position in Sony by 42.6% during the 4th quarter. Boston Partners now owns 2,018,740 shares of the company’s stock worth $97,464,000 after acquiring an additional 602,923 shares during the period. Bank of New York Mellon Corp lifted its position in Sony by 639.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock worth $109,636,000 after acquiring an additional 1,563,202 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in Sony during the 4th quarter worth approximately $51,675,000. NorthCoast Asset Management LLC lifted its position in Sony by 45.5% during the 4th quarter. NorthCoast Asset Management LLC now owns 581,890 shares of the company’s stock worth $28,094,000 after acquiring an additional 181,864 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Sony by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 565,786 shares of the company’s stock worth $27,316,000 after acquiring an additional 2,300 shares during the period. 7.55% of the stock is owned by institutional investors.
Several analysts have recently commented on SNE shares. Jefferies Financial Group raised Sony from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised Sony from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, January 17th. CLSA reissued a “buy” rating on shares of Sony in a report on Friday, March 22nd. Macquarie cut Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. Finally, ValuEngine cut Sony from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.32.
Sony (NYSE:SNE) last posted its quarterly earnings results on Friday, February 1st. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.90 by $1.03. The business had revenue of $2,401.81 billion during the quarter, compared to analysts’ expectations of $2,676.17 billion. Sony had a return on equity of 20.21% and a net margin of 9.48%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $234.08 EPS. As a group, research analysts forecast that Sony Corp will post 6.07 EPS for the current fiscal year.
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Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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