Hanson & Doremus Investment Management lessened its position in Sony Corp (NYSE:SNE) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 28,500 shares of the company’s stock after selling 850 shares during the period. Hanson & Doremus Investment Management’s holdings in Sony were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in SNE. Corient Capital Partners LLC boosted its stake in Sony by 1.5% during the 3rd quarter. Corient Capital Partners LLC now owns 14,692 shares of the company’s stock valued at $869,000 after purchasing an additional 214 shares during the period. Brandywine Oak Private Wealth LLC grew its holdings in Sony by 5.2% in the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 4,462 shares of the company’s stock valued at $263,000 after buying an additional 220 shares during the last quarter. CWM LLC increased its position in Sony by 76.2% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $34,000 after buying an additional 246 shares during the period. Liberty Wealth Management LLC increased its position in Sony by 18.8% in the 3rd quarter. Liberty Wealth Management LLC now owns 1,798 shares of the company’s stock worth $106,000 after buying an additional 284 shares during the period. Finally, Moors & Cabot Inc. increased its position in Sony by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 16,767 shares of the company’s stock worth $998,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 8.66% of the company’s stock.
Shares of SNE traded up $0.90 during trading hours on Thursday, reaching $72.50. 36,348 shares of the company traded hands, compared to its average volume of 895,113. The stock’s fifty day moving average is $67.57 and its 200 day moving average is $60.13. The stock has a market cap of $90.67 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 2.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.73 and a current ratio of 0.86. Sony Corp has a 1-year low of $41.91 and a 1-year high of $72.95.
Sony (NYSE:SNE) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.31. Sony had a return on equity of 18.90% and a net margin of 9.93%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.57 billion. On average, equities research analysts predict that Sony Corp will post 3.92 EPS for the current year.
SNE has been the subject of several research reports. ValuEngine cut Sony from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. UBS Group raised shares of Sony from a “neutral” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Gabelli began coverage on shares of Sony in a research report on Thursday, October 24th. They set a “buy” rating and a $92.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.35.
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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