Cambridge Investment Research Advisors Inc. reduced its stake in Sony Corp (NYSE:SNE) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,695 shares of the company’s stock after selling 1,471 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sony were worth $1,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners acquired a new position in Sony in the 2nd quarter valued at about $71,195,000. Ladenburg Thalmann Financial Services Inc. grew its position in Sony by 16.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,388 shares of the company’s stock valued at $454,000 after acquiring an additional 1,309 shares in the last quarter. Marietta Investment Partners LLC grew its position in Sony by 3.0% in the 2nd quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock valued at $2,248,000 after acquiring an additional 1,292 shares in the last quarter. Confluence Investment Management LLC acquired a new position in Sony in the 2nd quarter valued at about $1,641,000. Finally, Lenox Wealth Management Inc. grew its position in Sony by 6.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 26,699 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,585 shares in the last quarter. Hedge funds and other institutional investors own 7.63% of the company’s stock.

Several equities analysts have weighed in on the company. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a research report on Monday. Zacks Investment Research raised Sony from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research report on Friday, August 3rd. Finally, ValuEngine downgraded Sony from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.15.

NYSE SNE opened at $57.76 on Friday. The stock has a market capitalization of $71.83 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.80. Sony Corp has a 1-year low of $36.25 and a 1-year high of $58.10.

Sony (NYSE:SNE) last released its earnings results on Tuesday, July 31st. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.44. The company had revenue of $1,953.62 billion during the quarter, compared to the consensus estimate of $1,882.28 billion. Sony had a return on equity of 16.74% and a net margin of 7.32%. Sony’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $62.70 EPS. sell-side analysts forecast that Sony Corp will post 4.17 earnings per share for the current fiscal year.

Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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