Vise Technologies Inc. Raises Holdings in Sony Corporation $SONY

Vise Technologies Inc. boosted its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,557 shares of the company’s stock after purchasing an additional 24,237 shares during the quarter. Vise Technologies Inc.’s holdings in Sony were worth $4,494,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Fisher Asset Management LLC increased its holdings in Sony by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock worth $2,789,929,000 after purchasing an additional 4,337,062 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Sony in the 3rd quarter valued at about $277,631,000. Capital International Investors increased its holdings in shares of Sony by 245.0% in the 3rd quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock valued at $176,044,000 after acquiring an additional 4,296,028 shares during the last quarter. Capital World Investors increased its holdings in shares of Sony by 0.4% in the 3rd quarter. Capital World Investors now owns 5,001,748 shares of the company’s stock valued at $144,021,000 after acquiring an additional 20,960 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Sony by 1.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,411,634 shares of the company’s stock valued at $87,342,000 after acquiring an additional 37,360 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a report on Wednesday, May 20th. Benchmark reiterated a “buy” rating on shares of Sony in a report on Monday, May 11th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $22.00 price objective (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sony has a consensus rating of “Hold” and a consensus target price of $22.00.

Get Our Latest Stock Analysis on Sony

Insider Activity at Sony

In other news, insider Tsuyoshi Kodera sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $395,675.00. Following the completion of the sale, the insider directly owned 27,553 shares of the company’s stock, valued at $622,973.33. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenichiro Yoshida sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the sale, the director directly owned 661,615 shares of the company’s stock, valued at $14,959,115.15. This represents a 37.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.00% of the stock is owned by company insiders.

Sony Trading Down 1.5%

NYSE:SONY opened at $21.91 on Friday. The stock’s 50 day moving average price is $21.31 and its 200 day moving average price is $23.26. The company has a market capitalization of $130.32 billion, a PE ratio of -109.52, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. Sony Corporation has a 52-week low of $19.63 and a 52-week high of $30.34.

Sony (NYSE:SONYGet Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $32.86 EPS. On average, research analysts anticipate that Sony Corporation will post 1.3 EPS for the current year.

Sony Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, March 30th will be issued a $0.0796 dividend. This represents a dividend yield of 80.0%. The ex-dividend date of this dividend is Monday, March 30th. Sony’s dividend payout ratio (DPR) is currently -55.00%.

Sony Company Profile

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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