First American Trust FSB Decreases Stock Holdings in Sony Corporation (NYSE:SONY)

First American Trust FSB reduced its stake in shares of Sony Corporation (NYSE:SONY) by 10.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,645 shares of the company’s stock after selling 1,435 shares during the quarter. First American Trust FSB’s holdings in Sony were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Aristotle Capital Management LLC increased its position in Sony by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock valued at $1,116,653,000 after buying an additional 42,083,842 shares in the last quarter. Bank of America Corp DE increased its position in Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock valued at $503,713,000 after buying an additional 18,821,902 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Sony by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock valued at $218,382,000 after buying an additional 8,157,776 shares in the last quarter. Mondrian Investment Partners LTD increased its position in Sony by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after buying an additional 7,925,643 shares in the last quarter. Finally, Northern Trust Corp increased its position in Sony by 609.6% during the 4th quarter. Northern Trust Corp now owns 7,587,683 shares of the company’s stock valued at $160,555,000 after buying an additional 6,518,412 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Stock Up 4.3%

Shares of SONY stock opened at $27.15 on Monday. The stock’s 50-day simple moving average is $25.30 and its 200-day simple moving average is $24.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market capitalization of $164.19 billion, a PE ratio of 21.55 and a beta of 0.91. Sony Corporation has a fifty-two week low of $16.73 and a fifty-two week high of $27.29.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%. During the same period in the prior year, the company earned $189.90 earnings per share. Equities analysts expect that Sony Corporation will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Sony from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sony currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Sony 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.