HPM Partners LLC grew its position in Sony Corp (NYSE:SNE) by 230.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,251 shares of the company’s stock after purchasing an additional 11,337 shares during the quarter. HPM Partners LLC’s holdings in Sony were worth $833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sageworth Trust Co acquired a new stake in shares of Sony in the 2nd quarter valued at $103,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Sony in the 1st quarter valued at $115,000. Credit Agricole S A acquired a new stake in shares of Sony in the 2nd quarter valued at $146,000. Rainier Group Investment Advisory LLC acquired a new stake in shares of Sony in the 1st quarter valued at $168,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Sony in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 7.63% of the company’s stock.

Shares of NYSE:SNE opened at $59.44 on Monday. Sony Corp has a 12 month low of $36.25 and a 12 month high of $59.51. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a market cap of $72.62 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.94 and a beta of 1.43.

Sony (NYSE:SNE) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.44. Sony had a net margin of 7.32% and a return on equity of 16.74%. The firm had revenue of $1,953.62 billion for the quarter, compared to analyst estimates of $1,882.28 billion. During the same period last year, the business earned $62.70 EPS. Sony’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts expect that Sony Corp will post 4.17 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. Zacks Investment Research upgraded shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a report on Friday, August 3rd. Finally, ValuEngine lowered shares of Sony from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sony has an average rating of “Hold” and an average price target of $74.15.

About Sony

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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