Global Retirement Partners LLC Boosts Holdings in Sony Corporation $SONY

Global Retirement Partners LLC lifted its stake in Sony Corporation (NYSE:SONY) by 328.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,587 shares of the company’s stock after buying an additional 40,321 shares during the period. Global Retirement Partners LLC’s holdings in Sony were worth $1,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. HighPoint Advisor Group LLC grew its position in shares of Sony by 2.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock valued at $394,000 after buying an additional 367 shares during the last quarter. West Family Investments Inc. grew its position in Sony by 1.1% during the 3rd quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock worth $985,000 after purchasing an additional 385 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Sony by 1.3% during the 3rd quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock worth $875,000 after purchasing an additional 391 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in Sony by 3.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock worth $298,000 after purchasing an additional 409 shares during the last quarter. Finally, Glenmede Investment Management LP grew its position in Sony by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock worth $1,223,000 after purchasing an additional 416 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Down 0.2%

SONY stock opened at $22.09 on Monday. Sony Corporation has a one year low of $19.63 and a one year high of $30.34. The stock has a market capitalization of $131.40 billion, a PE ratio of -110.43, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The company has a fifty day moving average of $21.06 and a 200-day moving average of $23.69.

Sony (NYSE:SONY) last released its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same quarter last year, the business posted $32.86 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, analysts expect that Sony Corporation will post 1.3 EPS for the current year.

Sony Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, March 30th will be paid a $0.0796 dividend. This represents a dividend yield of 80.0%. The ex-dividend date is Monday, March 30th. Sony’s dividend payout ratio (DPR) is -55.00%.

Insider Buying and Selling at Sony

In related news, Director Kenichiro Yoshida sold 400,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the sale, the director owned 661,615 shares in the company, valued at $14,959,115.15. This trade represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tsuyoshi Kodera sold 17,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $395,675.00. Following the completion of the sale, the insider owned 27,553 shares of the company’s stock, valued at $622,973.33. This trade represents a 38.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.00% of the stock is currently owned by company insiders.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s WH-1000XX “The Collexion” headphones are being positively reviewed as a premium product, which supports the company’s consumer electronics brand. Sony WH-1000XX The Collexion review: Luxury epitomised
• Positive Sentiment: Sony announced a PlayStation State of Play showcase for June, which can help drive attention to upcoming games and hardware. Sony PlayStation State of Play June edition announced

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SONY shares. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating on shares of Sony in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.00.

About Sony

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.