World Asset Management Inc trimmed its holdings in shares of Sony Corp (NYSE:SNE) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,301 shares of the company’s stock after selling 5,689 shares during the quarter. World Asset Management Inc’s holdings in Sony were worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Summit Trail Advisors LLC boosted its holdings in shares of Sony by 61,642.4% in the 1st quarter. Summit Trail Advisors LLC now owns 1,450,328 shares of the company’s stock worth $1,450,000 after purchasing an additional 1,447,979 shares in the last quarter. Boston Partners purchased a new position in shares of Sony in the 2nd quarter worth about $71,195,000. Bank of America Corp DE boosted its holdings in shares of Sony by 20.8% in the 2nd quarter. Bank of America Corp DE now owns 4,111,969 shares of the company’s stock worth $210,780,000 after purchasing an additional 709,208 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Sony in the 2nd quarter worth about $21,785,000. Finally, Nomura Holdings Inc. boosted its holdings in shares of Sony by 1,350.9% in the 2nd quarter. Nomura Holdings Inc. now owns 294,969 shares of the company’s stock worth $10,923,000 after purchasing an additional 318,549 shares in the last quarter. Institutional investors and hedge funds own 7.61% of the company’s stock.

SNE opened at $55.51 on Friday. Sony Corp has a 12-month low of $36.76 and a 12-month high of $61.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $76.63 billion, a PE ratio of 16.87, a PEG ratio of 2.05 and a beta of 1.41.

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

A number of equities analysts have recently issued reports on SNE shares. Zacks Investment Research cut Sony from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Credit Suisse Group upgraded Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. Finally, ValuEngine cut Sony from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Sony currently has a consensus 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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