Northern Trust Corp decreased its position in shares of Sony Corp (NYSE:SNE) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,336,744 shares of the company’s stock after selling 26,069 shares during the period. Northern Trust Corp owned 0.11% of Sony worth $64,538,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC grew its position in Sony by 1.4% during the third quarter. Belpointe Asset Management LLC now owns 15,980 shares of the company’s stock valued at $969,000 after buying an additional 226 shares during the period. GWM Advisors LLC raised its stake in shares of Sony by 5.1% in the 4th quarter. GWM Advisors LLC now owns 5,142 shares of the company’s stock valued at $248,000 after acquiring an additional 250 shares during the period. Wetherby Asset Management Inc. grew its holdings in shares of Sony by 1.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 29,826 shares of the company’s stock valued at $1,440,000 after purchasing an additional 281 shares in the last quarter. Miles Capital Inc. grew its holdings in shares of Sony by 7.3% in the fourth quarter. Miles Capital Inc. now owns 4,192 shares of the company’s stock valued at $202,000 after purchasing an additional 287 shares in the last quarter. Finally, Nvwm LLC grew its holdings in Sony by 1.2% during the 4th quarter. Nvwm LLC now owns 30,990 shares of the company’s stock worth $1,496,000 after acquiring an additional 371 shares in the last quarter. 7.56% of the stock is owned by institutional investors and hedge funds.
SNE stock opened at $46.25 on Friday. Sony Corp has a twelve month low of $42.43 and a twelve month high of $61.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market cap of $58.44 billion, a PE ratio of 14.06, a P/E/G ratio of 1.03 and a beta of 1.36.
Several analysts have recently weighed in on the stock. Citigroup upgraded shares of Sony from a “neutral” rating to a “buy” rating and set a $52.91 price objective for the company in a research report on Sunday, December 9th. Macquarie downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. JPMorgan Chase & Co. raised shares of Sony from a “neutral” rating to a “buy” rating in a research note on Friday, November 30th. ValuEngine cut shares of Sony from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Finally, Zacks Investment Research raised shares of Sony from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Monday, January 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $64.07.
Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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