Hanson & Doremus Investment Management reduced its position in shares of Sony Corp Ord (NYSE:SNE) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 38,345 shares of the company’s stock after selling 680 shares during the period. Hanson & Doremus Investment Management’s holdings in Sony Corp Ord were worth $1,464,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. boosted its stake in Sony Corp Ord by 38.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 239,510 shares of the company’s stock worth $9,147,000 after buying an additional 66,375 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Sony Corp Ord during the second quarter worth about $268,000. Greenleaf Trust boosted its stake in Sony Corp Ord by 1.9% in the second quarter. Greenleaf Trust now owns 10,822 shares of the company’s stock worth $413,000 after buying an additional 197 shares during the last quarter. US Bancorp DE boosted its stake in Sony Corp Ord by 5.5% in the second quarter. US Bancorp DE now owns 105,642 shares of the company’s stock worth $4,034,000 after buying an additional 5,510 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in Sony Corp Ord by 4.1% in the second quarter. Highland Capital Management LLC now owns 101,167 shares of the company’s stock worth $3,864,000 after buying an additional 3,977 shares during the last quarter. 6.95% of the stock is owned by institutional investors.
Shares of Sony Corp Ord (NYSE:SNE) opened at 40.97 on Monday. The company’s 50-day moving average price is $38.91 and its 200 day moving average price is $34.38. The firm has a market capitalization of $51.73 billion, a PE ratio of 80.65 and a beta of 1.71. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65.
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A number of research firms have recently issued reports on SNE. Zacks Investment Research raised Sony Corp Ord from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub cut Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Sony Corp Ord in a research report on Monday, May 1st. Sanford C. Bernstein began coverage on Sony Corp Ord in a research report on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, J P Morgan Chase & Co raised Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research report on Friday, April 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.37.
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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