Janney Montgomery Scott LLC lessened its holdings in Sony Corp (NYSE:SNE) by 17.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,569 shares of the company’s stock after selling 1,991 shares during the period. Janney Montgomery Scott LLC’s holdings in Sony were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. KEYWISE CAPITAL MANAGEMENT Ltd bought a new position in shares of Sony in the 2nd quarter valued at about $4,060,000. Atwood & Palmer Inc. lifted its holdings in shares of Sony by 54.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 280,310 shares of the company’s stock valued at $14,369,000 after acquiring an additional 99,060 shares during the last quarter. Sageworth Trust Co bought a new position in shares of Sony in the 2nd quarter valued at about $103,000. Bourgeon Capital Management LLC lifted its holdings in shares of Sony by 10.7% in the 2nd quarter. Bourgeon Capital Management LLC now owns 93,350 shares of the company’s stock valued at $4,785,000 after acquiring an additional 9,050 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Sony in the 2nd quarter valued at about $239,000. Hedge funds and other institutional investors own 6.96% of the company’s stock.

Shares of NYSE SNE opened at $54.87 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $69.05 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.87 and a beta of 1.44. Sony Corp has a 1 year low of $36.25 and a 1 year high of $55.82.

Sony (NYSE:SNE) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.44. The business had revenue of $1,953.62 billion during the quarter, compared to the consensus estimate of $1,882.28 billion. Sony had a net margin of 7.32% and a return on equity of 16.74%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $62.70 earnings per share. sell-side analysts predict that Sony Corp will post 4.11 earnings per share for the current fiscal year.

Several brokerages have issued reports on SNE. Zacks Investment Research raised shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research note on Friday, August 3rd. UBS Group downgraded shares of Sony from a “buy” rating to a “neutral” rating in a research note on Monday, May 7th. Finally, ValuEngine downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $62.74.

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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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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