Dimensional Fund Advisors LP Has $20.87 Million Stake in Sony Corp (NYSE:SNE)
Dimensional Fund Advisors LP reduced its position in Sony Corp (NYSE:SNE) by 8.4% during the first quarter, Holdings Channel reports. The institutional investor owned 618,701 shares of the company’s stock after selling 57,098 shares during the period. Dimensional Fund Advisors LP’s holdings in Sony Corp were worth $20,869,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SNE. Primecap Management Co. CA raised its stake in Sony Corp by 1.1% in the first quarter. Primecap Management Co. CA now owns 44,778,550 shares of the company’s stock worth $1,510,380,000 after buying an additional 495,500 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in Sony Corp by 4.9% in the first quarter. Chartwell Investment Partners LLC now owns 540,894 shares of the company’s stock worth $18,244,000 after buying an additional 25,500 shares in the last quarter. Ngam Advisors L.P. raised its stake in Sony Corp by 1.9% in the first quarter. Ngam Advisors L.P. now owns 161,373 shares of the company’s stock worth $5,443,000 after buying an additional 3,008 shares in the last quarter. American Trust Investment Advisors LLC acquired a new stake in Sony Corp during the first quarter worth $237,000. Finally, PNC Financial Services Group Inc. raised its stake in Sony Corp by 8.3% in the first quarter. PNC Financial Services Group Inc. now owns 291,850 shares of the company’s stock worth $9,843,000 after buying an additional 22,399 shares in the last quarter. Institutional investors own 6.96% of the company’s stock.
Shares of Sony Corp (SNE) traded up 0.28% during midday trading on Friday, reaching $38.99. 137,091 shares of the company’s stock were exchanged. The stock has a market capitalization of $49.25 billion, a P/E ratio of 41.75 and a beta of 1.73. The firm has a 50-day moving average of $39.59 and a 200-day moving average of $34.97. Sony Corp has a 12-month low of $27.72 and a 12-month high of $41.65.
Sony Corp (NYSE:SNE) last issued its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $1,858.10 billion during the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp had a net margin of 5.08% and a return on equity of 12.75%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $16.44 earnings per share. Analysts anticipate that Sony Corp will post $2.18 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sony Corp from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $45.74 target price on shares of Sony Corp in a report on Thursday, August 3rd. BidaskClub lowered shares of Sony Corp from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Sony Corp in a report on Monday, May 1st. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Corp in a report on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Sony Corp currently has an average rating of “Buy” and a consensus price target of $42.31.
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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