LPL Financial LLC Acquires 3,965 Shares of Sony Co. (SNE)

LPL Financial LLC boosted its holdings in Sony Co. (NYSE:SNE) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,261 shares of the company’s stock after buying an additional 3,965 shares during the period. LPL Financial LLC’s holdings in Sony were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ballentine Partners LLC grew its stake in Sony by 20.6% in the 4th quarter. Ballentine Partners LLC now owns 6,872 shares of the company’s stock valued at $308,000 after buying an additional 1,172 shares in the last quarter. CAPROCK Group Inc. grew its stake in Sony by 5.8% in the 4th quarter. CAPROCK Group Inc. now owns 24,253 shares of the company’s stock valued at $1,213,000 after buying an additional 1,332 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Sony by 21.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,079 shares of the company’s stock valued at $363,000 after buying an additional 1,438 shares in the last quarter. Columbia Asset Management grew its stake in Sony by 5.2% in the 4th quarter. Columbia Asset Management now owns 35,695 shares of the company’s stock valued at $1,604,000 after buying an additional 1,775 shares in the last quarter. Finally, Aviance Capital Management LLC grew its stake in Sony by 1.0% in the 4th quarter. Aviance Capital Management LLC now owns 184,071 shares of the company’s stock valued at $8,274,000 after buying an additional 1,866 shares in the last quarter. Institutional investors and hedge funds own 6.98% of the company’s stock.

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Shares of NYSE:SNE opened at $48.44 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Sony Co. has a one year low of $31.32 and a one year high of $53.91. The firm has a market capitalization of $61,876.39, a price-to-earnings ratio of 94.98 and a beta of 1.38.

Sony (NYSE:SNE) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.74. Sony had a net margin of 6.29% and a return on equity of 15.00%. The firm had revenue of $2,672.32 billion during the quarter, compared to the consensus estimate of $2,560.40 billion. During the same period last year, the firm earned $15.55 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts expect that Sony Co. will post 3.86 earnings per share for the current fiscal year.

A number of research firms recently weighed in on SNE. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. JPMorgan Chase lowered shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.19.

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About Sony

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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