US Bancorp DE Sells 22,637 Shares of Sony Corp (NYSE:SNE)

US Bancorp DE lowered its holdings in shares of Sony Corp (NYSE:SNE) by 32.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 47,188 shares of the company’s stock after selling 22,637 shares during the quarter. US Bancorp DE’s holdings in Sony were worth $2,472,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in shares of Sony by 161.9% during the 2nd quarter. HighTower Advisors LLC now owns 32,776 shares of the company’s stock valued at $1,713,000 after purchasing an additional 20,259 shares during the last quarter. Ardsley Advisory Partners LP bought a new position in shares of Sony during the 2nd quarter valued at $419,000. Miles Capital Inc. bought a new position in shares of Sony during the 2nd quarter valued at $206,000. United Capital Financial Advisers LLC grew its holdings in Sony by 4.9% in the 2nd quarter. United Capital Financial Advisers LLC now owns 169,449 shares of the company’s stock worth $8,877,000 after acquiring an additional 7,964 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in Sony by 31.5% in the 2nd quarter. Scotia Capital Inc. now owns 88,748 shares of the company’s stock worth $4,650,000 after acquiring an additional 21,264 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors.

Sony stock traded down $0.23 during trading hours on Friday, reaching $59.12. The stock had a trading volume of 603,136 shares, compared to its average volume of 867,880. The stock has a market cap of $74.69 billion, a PE ratio of 9.19, a PEG ratio of 1.93 and a beta of 1.42. Sony Corp has a 52 week low of $41.91 and a 52 week high of $61.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.72. The company has a fifty day simple moving average of $56.89 and a 200-day simple moving average of $51.36.

Sony (NYSE:SNE) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.30. The business had revenue of $17.52 billion for the quarter, compared to analyst estimates of $18.21 billion. Sony had a net margin of 9.70% and a return on equity of 19.21%. Research analysts predict that Sony Corp will post 3.97 earnings per share for the current fiscal year.

About Sony

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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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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