Ameriprise Financial Inc. lifted its holdings in shares of Sony Corp Ord (NYSE:SNE) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285,771 shares of the company’s stock after purchasing an additional 17,655 shares during the quarter. Ameriprise Financial Inc.’s holdings in Sony Corp Ord were worth $10,945,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in SNE. Bank of Montreal Can grew its stake in Sony Corp Ord by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after buying an additional 87 shares during the last quarter. Raymond James Trust N.A. grew its stake in Sony Corp Ord 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 buying an additional 111 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after buying an additional 139 shares during the last quarter. Fiera Capital Corp grew its stake in Sony Corp Ord 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 buying an additional 175 shares during the last quarter. Finally, Greenleaf Trust grew its stake in Sony Corp Ord by 1.9% in the 2nd quarter. Greenleaf Trust now owns 10,822 shares of the company’s stock valued at $413,000 after buying an additional 197 shares during the last quarter. Institutional investors own 6.54% of the company’s stock.
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A number of research analysts recently issued reports on the stock. Morgan Stanley lowered shares of Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Credit Suisse Group lowered shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Citigroup Inc. lowered shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and lowered their target price for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $45.74 target price on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.42.
Sony Corp Ord (NYSE:SNE) opened at 36.62 on Thursday. The firm has a market capitalization of $46.26 billion, a price-to-earnings ratio of 38.43 and a beta of 1.75. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $41.65. The company has a 50-day moving average of $38.17 and a 200-day moving average of $37.15.
Sony Corp Ord (NYSE:SNE) last issued its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The business had revenue of $1,858.10 billion for the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $16.44 earnings per share. On average, equities analysts predict that Sony Corp Ord will post $2.21 earnings per share for the current year.
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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