Dimensional Fund Advisors LP raised its position in Sony Corp. (NYSE:SNE) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,379,156 shares of the company’s stock after buying an additional 2,400 shares during the period. Dimensional Fund Advisors LP owned approximately 0.11% of Sony Corp. worth $40,478,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Investment Counsel Inc. acquired a new stake in Sony Corp. during the second quarter worth about $294,000. Eqis Capital Management Inc. acquired a new stake in Sony Corp. during the second quarter worth about $300,000. Creative Planning raised its stake in Sony Corp. by 3.0% in the second quarter. Creative Planning now owns 13,622 shares of the company’s stock worth $400,000 after buying an additional 402 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Sony Corp. by 22.1% in the second quarter. BNP Paribas Arbitrage SA now owns 18,787 shares of the company’s stock worth $551,000 after buying an additional 3,405 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Sony Corp. by 0.5% in the first quarter. LPL Financial LLC now owns 59,199 shares of the company’s stock worth $1,521,000 after buying an additional 282 shares during the last quarter. 6.60% of the stock is owned by institutional investors and hedge funds.
Shares of Sony Corp. (NYSE:SNE) opened at 32.89 on Monday. The stock has a market cap of $41.49 billion, a price-to-earnings ratio of 50.76 and a beta of 1.85. Sony Corp. has a one year low of $19.90 and a one year high of $34.17. The company has a 50 day moving average of $32.86 and a 200-day moving average of $29.60.
Sony Corp. (NYSE:SNE) last released its earnings results on Friday, July 29th. The company reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $16.72. Sony Corp. had a return on equity of 2.52% and a net margin of 1.02%. The company earned $1,613.20 billion during the quarter, compared to the consensus estimate of $1,682.98 billion. During the same quarter last year, the company earned $70.52 earnings per share. Sony Corp.’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, analysts anticipate that Sony Corp. will post $0.63 earnings per share for the current year.
A number of research firms have recently issued reports on SNE. Vetr raised shares of Sony Corp. from a “sell” rating to a “buy” rating and set a $35.49 target price for the company in a report on Tuesday, September 6th. Zacks Investment Research raised shares of Sony Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Wednesday, September 28th. TheStreet raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Sony Corp. in a report on Thursday, June 30th. Finally, Deutsche Bank AG raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $37.25.
About Sony Corp.
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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