Cabot Wealth Management Inc. boosted its position in Sony Corp Ord (NYSE:SNE) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 216,829 shares of the company’s stock after buying an additional 4,446 shares during the period. Sony Corp Ord makes up 1.9% of Cabot Wealth Management Inc.’s portfolio, making the stock its 14th largest position. Cabot Wealth Management Inc.’s holdings in Sony Corp Ord were worth $7,201,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Sony Corp Ord by 0.9% in the second quarter. Rhumbline Advisers now owns 14,689 shares of the company’s stock worth $431,000 after buying an additional 125 shares in the last quarter. Capstone Asset Management Co. raised its stake in Sony Corp Ord by 0.5% in the third quarter. Capstone Asset Management Co. now owns 80,537 shares of the company’s stock worth $2,675,000 after buying an additional 430 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Sony Corp Ord by 7.6% in the third quarter. Eqis Capital Management Inc. now owns 10,986 shares of the company’s stock worth $365,000 after buying an additional 779 shares in the last quarter. Ngam Advisors L.P. raised its stake in Sony Corp Ord by 0.8% in the third quarter. Ngam Advisors L.P. now owns 142,675 shares of the company’s stock worth $4,739,000 after buying an additional 1,128 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Sony Corp Ord by 2.9% in the second quarter. Assetmark Inc. now owns 46,821 shares of the company’s stock worth $1,374,000 after buying an additional 1,321 shares in the last quarter. Institutional investors own 6.55% of the company’s stock.
Sony Corp Ord (NYSE:SNE) opened at 31.66 on Friday. Sony Corp Ord has a 12-month low of $20.11 and a 12-month high of $34.17. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 80.97 and a beta of 1.97. The company has a 50-day moving average price of $29.66 and a 200 day moving average price of $31.14.
Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.25. Sony Corp Ord had a negative net margin of 0.52% and a negative return on equity of 1.27%. The company had revenue of $2,397.50 billion for the quarter, compared to analysts’ expectations of $22.35 billion. During the same period in the prior year, the firm earned $95.33 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities research analysts predict that Sony Corp Ord will post $0.49 EPS for the current year.
A number of analysts have recently weighed in on SNE shares. TheStreet lowered Sony Corp Ord from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Zacks Investment Research lowered Sony Corp Ord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Sony Corp Ord currently has an average rating of “Hold” and a consensus price target of $37.25.
Sony Corp Ord Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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