Waldron Private Wealth LLC reduced its holdings in shares of Sony Corp (NYSE:SNE) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company’s stock after selling 10,000 shares during the quarter. Waldron Private Wealth LLC’s holdings in Sony were worth $523,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in shares of Sony by 7.7% during the 2nd quarter. Lindbrook Capital LLC now owns 3,312 shares of the company’s stock valued at $173,000 after buying an additional 237 shares during the last quarter. Lenox Wealth Management Inc. lifted its stake in Sony by 1.1% during the second quarter. Lenox Wealth Management Inc. now owns 26,632 shares of the company’s stock worth $1,395,000 after purchasing an additional 277 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in Sony by 32.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,518 shares of the company’s stock worth $80,000 after purchasing an additional 370 shares during the last quarter. BB&T Corp lifted its stake in Sony by 0.7% during the second quarter. BB&T Corp now owns 64,909 shares of the company’s stock worth $3,401,000 after purchasing an additional 463 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Sony by 2.1% during the second quarter. Confluence Investment Management LLC now owns 22,814 shares of the company’s stock worth $1,195,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 7.83% of the company’s stock.
NYSE SNE traded up $0.87 during trading hours on Tuesday, hitting $56.47. The company had a trading volume of 55,203 shares, compared to its average volume of 1,450,122. Sony Corp has a fifty-two week low of $41.91 and a fifty-two week high of $61.02. The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $54.64. The company has a market cap of $70.25 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.83 and a beta of 1.41.
Several equities analysts recently issued reports on the company. Macquarie upgraded Sony from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. ValuEngine upgraded Sony from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group upgraded Sony from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.32.
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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