Fisher Asset Management LLC Has $2.79 Billion Stock Position in Sony Corporation $SONY

Fisher Asset Management LLC boosted its position in Sony Corporation (NYSE:SONY) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 108,981,588 shares of the company’s stock after purchasing an additional 4,337,062 shares during the period. Sony comprises 0.9% of Fisher Asset Management LLC’s holdings, making the stock its 29th largest position. Fisher Asset Management LLC’s holdings in Sony were worth $2,789,929,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SONY. Mondrian Investment Partners LTD acquired a new stake in Sony during the third quarter worth approximately $277,631,000. Capital International Investors lifted its position in Sony by 245.0% during the third quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock worth $176,044,000 after acquiring an additional 4,296,028 shares during the last quarter. Capital World Investors lifted its position in Sony by 0.4% during the third quarter. Capital World Investors now owns 5,001,748 shares of the company’s stock worth $144,021,000 after acquiring an additional 20,960 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Sony by 1.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,411,634 shares of the company’s stock worth $87,342,000 after acquiring an additional 37,360 shares during the last quarter. Finally, UBS Group AG lifted its position in Sony by 165.4% during the fourth quarter. UBS Group AG now owns 2,742,402 shares of the company’s stock worth $70,205,000 after acquiring an additional 1,709,003 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sony news, insider Tsuyoshi Kodera sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $395,675.00. Following the completion of the transaction, the insider directly owned 27,553 shares in the company, valued at $622,973.33. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenichiro Yoshida sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the transaction, the director owned 661,615 shares of the company’s stock, valued at approximately $14,959,115.15. This represents a 37.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research report on Wednesday. Benchmark restated a “buy” rating on shares of Sony in a research report on Monday, May 11th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sony presently has a consensus rating of “Hold” and an average target price of $22.00.

Sony Stock Down 0.2%

NYSE SONY opened at $22.09 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Sony Corporation has a 1-year low of $19.63 and a 1-year high of $30.34. The company has a 50 day moving average of $21.06 and a 200-day moving average of $23.69. The company has a market cap of $131.40 billion, a price-to-earnings ratio of -110.43, a PEG ratio of 1.73 and a beta of 0.92.

Sony (NYSE:SONY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same quarter in the previous year, the firm posted $32.86 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts expect that Sony Corporation will post 1.3 earnings per share for the current fiscal year.

Sony Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, March 30th will be given a $0.0796 dividend. This represents a dividend yield of 80.0%. The ex-dividend date is Monday, March 30th. Sony’s payout ratio is presently -55.00%.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s WH-1000XX “The Collexion” headphones are being positively reviewed as a premium product, which supports the company’s consumer electronics brand. Sony WH-1000XX The Collexion review: Luxury epitomised
• Positive Sentiment: Sony announced a PlayStation State of Play showcase for June, which can help drive attention to upcoming games and hardware. Sony PlayStation State of Play June edition announced

Sony Company Profile

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.