Sony Corp Ord (SNE) Stake Lowered by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. reduced its position in Sony Corp Ord (NYSE:SNE) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,198 shares of the company’s stock after selling 717 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Sony Corp Ord were worth $237,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Ferguson Wellman Capital Management Inc. acquired a new position in Sony Corp Ord during the first quarter worth approximately $5,840,000. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new position in Sony Corp Ord during the first quarter worth approximately $226,000. Credit Suisse AG acquired a new position in Sony Corp Ord during the first quarter worth approximately $6,978,000. Cottage Street Advisors LLC acquired a new position in Sony Corp Ord during the second quarter worth approximately $1,155,000. Finally, Aperio Group LLC raised its position in Sony Corp Ord by 10.8% in the second quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock worth $23,751,000 after buying an additional 60,660 shares during the last quarter. Institutional investors and hedge funds own 6.96% of the company’s stock.
Shares of Sony Corp Ord (SNE) opened at 40.02 on Thursday. The firm has a market capitalization of $50.54 billion, a P/E ratio of 42.85 and a beta of 1.73. The company’s 50-day moving average price is $39.57 and its 200-day moving average price is $34.94. 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 released its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1,858.10 billion for the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $16.44 EPS. On average, equities research analysts expect that Sony Corp Ord will post $2.18 EPS for the current fiscal year.
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SNE has been the topic of a number of recent analyst reports. BidaskClub upgraded Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co upgraded Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research note on Friday, April 21st. Zacks Investment Research upgraded Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, August 3rd. Sanford C. Bernstein initiated coverage on Sony Corp Ord in a research note on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Sony Corp Ord has an average rating of “Buy” and an average price target of $42.31.
Sony Corp Ord Company 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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