Raymond James Trust N.A. Takes Position in Sony Corp (SNE)

Raymond James Trust N.A. bought a new stake in Sony Corp (NYSE:SNE) during the first quarter, according to its most recent filing with the SEC. The fund bought 6,064 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Sony Corp by 22.1% in the fourth quarter. FMR LLC now owns 5,160,964 shares of the company’s stock worth $144,662,000 after buying an additional 934,392 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Sony Corp by 199.2% in the third quarter. TIAA CREF Investment Management LLC now owns 642,554 shares of the company’s stock worth $21,339,000 after buying an additional 427,808 shares during the period. Teachers Advisors LLC raised its position in shares of Sony Corp by 28.1% in the third quarter. Teachers Advisors LLC now owns 873,755 shares of the company’s stock worth $29,017,000 after buying an additional 191,779 shares during the period. Sanoor Capital Management LP bought a new position in shares of Sony Corp during the fourth quarter worth $4,221,000. Finally, Conatus Capital Management LP raised its position in shares of Sony Corp by 41.5% in the third quarter. Conatus Capital Management LP now owns 500,359 shares of the company’s stock worth $16,617,000 after buying an additional 146,651 shares during the period. 6.53% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Sony Corp (NYSE:SNE)

Shares of Sony Corp (NYSE:SNE) opened at 32.83 on Friday. The company’s 50-day moving average is $32.02 and its 200 day moving average is $30.90. The stock’s market cap is $41.44 billion. Sony Corp has a 1-year low of $23.62 and a 1-year high of $34.17.

Sony Corp (NYSE:SNE) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.25. Sony Corp had a negative net margin of 0.52% and a negative return on equity of 1.27%. The business earned $2,397.50 billion during the quarter, compared to analyst estimates of $22.35 billion. During the same quarter in the prior year, the company posted $95.33 EPS. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities research analysts anticipate that Sony Corp will post $0.38 EPS for the current year.

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A number of equities analysts have weighed in on SNE shares. Zacks Investment Research lowered shares of Sony Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. TheStreet upgraded shares of Sony Corp from a “c+” rating to a “b-” rating in a report on Tuesday, February 21st. Finally, Jefferies Group LLC set a $42.00 price target on shares of Sony Corp and gave the company a “buy” rating in a report on Saturday, March 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $38.44.

Sony Corp 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.

5 Day Chart for NYSE:SNE

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