TIAA CREF Investment Management LLC lowered its stake in shares of Sony Corp Ord (NYSE:SNE) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,658 shares of the company’s stock after selling 6,870 shares during the period. TIAA CREF Investment Management LLC’s holdings in Sony Corp Ord were worth $7,358,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SNE. Bank of New York Mellon Corp raised its stake in shares of Sony Corp Ord by 105.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock valued at $31,191,000 after acquiring an additional 419,493 shares during the period. Allen Investment Management LLC raised its stake in shares of Sony Corp Ord by 60.5% in the 2nd quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock valued at $769,000 after acquiring an additional 7,590 shares during the period. Aperio Group LLC raised its stake in shares of Sony Corp Ord by 10.8% in the 2nd quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock valued at $23,751,000 after acquiring an additional 60,660 shares during the period. Columbia Asset Management raised its stake in shares of Sony Corp Ord by 11.8% in the 2nd quarter. Columbia Asset Management now owns 33,870 shares of the company’s stock valued at $1,293,000 after acquiring an additional 3,575 shares during the period. Finally, Credit Suisse AG purchased a new position in shares of Sony Corp Ord in the 1st quarter valued at $6,978,000. 6.54% of the stock is currently owned by institutional investors.
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A number of brokerages have recently commented on SNE. Morgan Stanley downgraded shares of Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Credit Suisse Group downgraded shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Citigroup Inc. downgraded shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Zacks Investment Research raised shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average 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. The firm’s 50-day moving average is $38.17 and its 200 day moving average is $37.15. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1,858.10 billion during the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $16.44 EPS. Analysts forecast that Sony Corp Ord will post $2.21 EPS 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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