Mount Yale Investment Advisors LLC bought a new position in Sony Corp (NYSE:SNE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,499 shares of the company’s stock, valued at approximately $508,000.
Several other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Sony by 13.1% in the fourth quarter. Wells Fargo & Company MN now owns 587,911 shares of the company’s stock worth $26,426,000 after acquiring an additional 68,154 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Sony by 89.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,772 shares of the company’s stock worth $934,000 after acquiring an additional 9,783 shares during the period. Virtu Financial LLC purchased a new stake in Sony in the fourth quarter worth $491,000. Lazard Asset Management LLC lifted its stake in Sony by 1.5% in the fourth quarter. Lazard Asset Management LLC now owns 440,746 shares of the company’s stock worth $19,811,000 after acquiring an additional 6,593 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Sony in the fourth quarter worth $332,000. Hedge funds and other institutional investors own 6.87% of the company’s stock.
Shares of Sony stock opened at $50.29 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.17. The firm has a market cap of $62.58 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.56 and a beta of 1.35. Sony Corp has a 12 month low of $36.25 and a 12 month high of $53.91.
Sony (NYSE:SNE) last announced its quarterly earnings data on Friday, April 27th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.22). The firm had revenue of $1,951 billion for the quarter, compared to analysts’ expectations of $1,993.05 billion. Sony had a net margin of 5.68% and a return on equity of 13.27%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $21.90 EPS. sell-side analysts anticipate that Sony Corp will post 3.86 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research lowered Sony from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th. ValuEngine lowered Sony from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. UBS Group lowered Sony from a “buy” rating to a “neutral” rating in a research note on Monday, May 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $85.29 price target on shares of Sony in a research note on Monday, April 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sony has a consensus rating of “Hold” and a consensus price target of $59.07.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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