Advisor Group Inc. Trims Holdings in Sony Corp Ord (SNE)
Advisor Group Inc. cut its stake in Sony Corp Ord (NYSE:SNE) by 27.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,070 shares of the company’s stock after selling 6,301 shares during the period. Advisor Group Inc.’s holdings in Sony Corp Ord were worth $643,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of SNE. Proficio Capital Partners LLC boosted its holdings in Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after purchasing an additional 139 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Sony Corp Ord in the 2nd quarter valued at $119,000. O Shaughnessy Asset Management LLC boosted its holdings in Sony Corp Ord by 1.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after purchasing an additional 53 shares during the period. Opes Advisors Inc bought a new stake in Sony Corp Ord in the 2nd quarter valued at $206,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Sony Corp Ord in the 2nd quarter valued at $212,000. 6.54% of the stock is owned by hedge funds and other institutional investors.
SNE has been the subject of a number of recent research reports. BidaskClub upgraded shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Sony Corp Ord from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Citigroup Inc. cut shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Finally, Credit Suisse Group cut shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.42.
Sony Corp Ord (NYSE:SNE) opened at 37.53 on Thursday. The firm has a market cap of $47.41 billion, a PE ratio of 39.38 and a beta of 1.75. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $36.97. Sony Corp Ord has a 52 week low of $27.72 and a 52 week high of $41.65.
Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The company had revenue of $1,858.10 billion during the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter last year, the firm posted $16.44 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Sony Corp Ord will post $2.21 earnings per share for the current year.
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Sony Corp Ord 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.
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