Sumitomo Mitsui Trust Group Inc. Has $18.45 Million Holdings in Sony Corporation (NYSE:SONY)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Sony Corporation (NYSE:SONY) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 726,743 shares of the company’s stock after selling 76,082 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sony were worth $18,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Primecap Management Co. CA grew its position in shares of Sony by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of Sony by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock worth $1,116,653,000 after acquiring an additional 42,083,842 shares during the period. Bank of America Corp DE lifted its holdings in shares of Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock worth $503,713,000 after acquiring an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of Sony by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after acquiring an additional 8,157,776 shares during the period. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Sony by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after acquiring an additional 7,925,643 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

SONY has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Sony in a report on Tuesday, March 25th. They set a “buy” rating for the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony in a report on Monday, April 7th. Finally, Wall Street Zen downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Price Performance

Shares of NYSE:SONY opened at $25.60 on Friday. The company has a market cap of $154.82 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 12.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $25.61 and a 200 day simple moving average of $23.82. Sony Corporation has a one year low of $15.96 and a one year high of $26.95.

Sony Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.