WCM Investment Management CA purchased a new stake in Sony Corp (NYSE:SNE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,973 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also bought and sold shares of SNE. Chicago Partners Investment Group LLC raised its holdings in Sony by 60.3% during the second quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $122,000 after purchasing an additional 895 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in Sony by 1.1% during the second quarter. Eqis Capital Management Inc. now owns 90,087 shares of the company’s stock worth $4,618,000 after purchasing an additional 988 shares during the last quarter. Marietta Investment Partners LLC raised its holdings in Sony by 3.0% during the second quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock worth $2,248,000 after purchasing an additional 1,292 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Sony by 16.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,388 shares of the company’s stock worth $454,000 after buying an additional 1,309 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in Sony by 0.9% during the first quarter. Baker Avenue Asset Management LP now owns 153,703 shares of the company’s stock worth $7,430,000 after buying an additional 1,330 shares in the last quarter. 7.61% of the stock is owned by institutional investors and hedge funds.

SNE has been the subject of several recent research reports. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a research report on Monday, September 10th. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Finally, Zacks Investment Research downgraded Sony from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Sony has a consensus rating of “Hold” and an average price target of $74.15.

Shares of SNE traded down $0.01 during midday trading on Friday, reaching $55.51. 1,412,064 shares of the company were exchanged, compared to its average volume of 1,113,314. The stock has a market cap of $76.63 billion, a PE ratio of 16.87, a P/E/G ratio of 2.05 and a beta of 1.41. Sony Corp has a 1-year low of $36.76 and a 1-year 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.

Sony (NYSE:SNE) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.44. The company had revenue of $1,953.62 billion for the quarter, compared to analysts’ expectations of $1,882.28 billion. Sony had a return on equity of 16.74% and a net margin of 7.32%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $62.70 earnings per share. On average, research analysts anticipate that Sony Corp will post 4.17 earnings per share for the current 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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