Mondrian Investment Partners LTD Has $225.79 Million Holdings in Sony Corporation $SONY

Mondrian Investment Partners LTD lowered its position in Sony Corporation (NYSE:SONY) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,684,097 shares of the company’s stock after selling 889,453 shares during the quarter. Sony accounts for about 3.6% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 5th biggest holding. Mondrian Investment Partners LTD’s holdings in Sony were worth $225,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. YANKCOM Partnership grew its holdings in shares of Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after acquiring an additional 861 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Sony in the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new stake in shares of Sony in the fourth quarter worth $27,000. Ameriflex Group Inc. grew its holdings in shares of Sony by 304.0% in the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after acquiring an additional 760 shares during the period. Finally, Binnacle Investments Inc grew its holdings in shares of Sony by 81.7% in the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after acquiring an additional 464 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SONY shares. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Benchmark reissued a “buy” rating on shares of Sony in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a report on Wednesday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.00.

Sony Stock Performance

NYSE:SONY opened at $22.09 on Friday. The stock has a 50-day simple moving average of $21.06 and a two-hundred day simple moving average of $23.72. Sony Corporation has a 52-week low of $19.63 and a 52-week high of $30.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The firm has a market capitalization of $131.40 billion, a PE ratio of -110.43, a P/E/G ratio of 1.73 and a beta of 0.92.

Sony (NYSE:SONY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the prior year, the firm posted $32.86 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts forecast that Sony Corporation will post 1.3 EPS for the current year.

Sony Announces Dividend

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

Sony News Roundup

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s WH-1000XX “The Collexion” headphones are being positively reviewed as a premium product, which supports the company’s consumer electronics brand. Sony WH-1000XX The Collexion review: Luxury epitomised
• Positive Sentiment: Sony announced a PlayStation State of Play showcase for June, which can help drive attention to upcoming games and hardware. Sony PlayStation State of Play June edition announced

Insider Transactions at Sony

In other news, Director Kenichiro Yoshida sold 400,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tsuyoshi Kodera sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 27,553 shares of the company’s stock, valued at approximately $622,973.33. This trade represents a 38.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.00% of the company’s stock.

Sony Profile

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.