Sony Corporation $SONY Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in shares of Sony Corporation (NYSE:SONYFree Report) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,229,003 shares of the company’s stock after selling 169,745 shares during the period. Natixis Advisors LLC’s holdings in Sony were worth $133,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Martin Investment Management LLC raised its holdings in Sony by 0.4% during the fourth quarter. Martin Investment Management LLC now owns 968,195 shares of the company’s stock worth $24,786,000 after purchasing an additional 3,640 shares during the last quarter. Root Financial Partners LLC raised its holdings in Sony by 69.6% during the fourth quarter. Root Financial Partners LLC now owns 3,393 shares of the company’s stock worth $87,000 after purchasing an additional 1,392 shares during the last quarter. Minneapolis Portfolio Management Group LLC raised its holdings in Sony by 0.8% during the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 1,360,772 shares of the company’s stock worth $34,836,000 after purchasing an additional 10,949 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in Sony during the fourth quarter worth $981,000. Finally, Norges Bank acquired a new position in Sony during the fourth quarter worth $13,779,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SONY shares. Benchmark reissued a “buy” rating on shares of Sony in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $22.00 price target (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Four investment 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. Based on data from MarketBeat, Sony has an average rating of “Hold” and an average target price of $22.00.

Check Out Our Latest Stock Report on SONY

Sony Stock Performance

NYSE SONY opened at $22.77 on Wednesday. Sony Corporation has a fifty-two week low of $19.63 and a fifty-two week high of $30.34. The stock has a market cap of $135.48 billion, a price-to-earnings ratio of -113.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The business has a fifty day moving average of $21.17 and a 200-day moving average of $23.43. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10.

Sony (NYSE:SONYGet Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $32.86 earnings per share. As a group, analysts predict that Sony Corporation will post 1.3 earnings per share for the current fiscal 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 given 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 payout ratio is currently -55.00%.

Insiders Place Their Bets

In other news, insider Tsuyoshi Kodera sold 17,500 shares of Sony stock in a transaction on 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 sale, the insider owned 27,553 shares of the company’s stock, valued at $622,973.33. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenichiro Yoshida sold 400,000 shares of Sony stock in a transaction on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the sale, the director directly owned 661,615 shares of the company’s stock, valued at approximately $14,959,115.15. This represents a 37.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.00% of the stock is owned by insiders.

Sony News Roundup

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.

Further Reading

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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