Crossmark Global Holdings Inc. Has $12.20 Million Stock Holdings in Sony Corporation $SONY

Crossmark Global Holdings Inc. cut its holdings in Sony Corporation (NYSE:SONYFree Report) by 10.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 476,404 shares of the company’s stock after selling 54,488 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sony were worth $12,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership grew its position in shares of Sony by 748.7% in the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after purchasing an additional 861 shares during the period. Ameriflex Group Inc. grew its position in shares of Sony by 304.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $29,000 after purchasing an additional 760 shares during the period. Binnacle Investments Inc grew its position in shares of Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock valued at $30,000 after purchasing an additional 464 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Sony in the 4th quarter valued at approximately $27,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Sony in the 3rd quarter valued at approximately $33,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Zacks Research cut Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $22.00 target price (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Finally, Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

View Our Latest Stock Report on Sony

Sony Trading Up 1.0%

NYSE SONY opened at $20.10 on Friday. The stock has a market capitalization of $119.55 billion, a price-to-earnings ratio of -100.47, a PEG ratio of 6.72 and a beta of 0.92. The stock’s 50 day moving average price is $21.00 and its two-hundred day moving average price is $24.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. Sony Corporation has a 52 week low of $19.63 and a 52 week high of $30.34.

Sony (NYSE:SONYGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.43 billion. Sony had a negative net margin of 1.44% and a positive return on equity of 13.59%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $32.86 EPS. As a group, analysts anticipate that Sony Corporation will post 1.34 earnings per share for the current fiscal year.

Sony News Summary

Here are the key news stories impacting Sony this week:

About Sony

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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