Bank of New York Mellon Corp raised its position in shares of Sony Corp Ord (NYSE:SNE) by 105.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 816,725 shares of the company’s stock after acquiring an additional 419,493 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.06% of Sony Corp Ord worth $31,191,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in shares of Sony Corp Ord by 5.6% during the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after acquiring an additional 139 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Sony Corp Ord in the second quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC increased its holdings in shares of 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 purchasing an additional 53 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in shares of Sony Corp Ord in the first quarter valued at approximately $226,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Sony Corp Ord in the first quarter valued at approximately $232,000. 6.54% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on SNE. Zacks Investment Research cut Sony Corp Ord from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.74 price target on shares of Sony Corp Ord in a report on Thursday, August 3rd. Finally, BidaskClub cut Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $44.58.
Shares of Sony Corp Ord (NYSE SNE) opened at 39.93 on Monday. The firm has a market cap of $50.44 billion, a PE ratio of 42.30 and a beta of 1.77. The company has a 50 day moving average price of $39.62 and a 200 day moving average price of $36.09. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65.
Sony Corp Ord (NYSE:SNE) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The firm had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. During the same period in the previous year, the firm posted $16.44 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts forecast that Sony Corp Ord will post $2.21 earnings per share for the current fiscal year.
Sony Corp Ord Company 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.
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