Fiduciary Management Inc. WI Trims Stake in Sony Corporation $SONY

Fiduciary Management Inc. WI lowered its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,597,452 shares of the company’s stock after selling 459,606 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Sony were worth $143,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Sony by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock valued at $2,789,929,000 after buying an additional 4,337,062 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Sony during the third quarter valued at about $277,631,000. Capital International Investors increased its position in shares of Sony by 245.0% during the third quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock valued at $176,044,000 after buying an additional 4,296,028 shares during the period. Capital World Investors increased its position in shares of Sony by 0.4% during the third quarter. Capital World Investors now owns 5,001,748 shares of the company’s stock valued at $144,021,000 after buying an additional 20,960 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Sony by 1.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,411,634 shares of the company’s stock valued at $87,342,000 after buying an additional 37,360 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Down 1.5%

Shares of NYSE SONY opened at $21.91 on Friday. The firm’s 50 day moving average price is $21.31 and its 200-day moving average price is $23.26. The company has a market cap of $130.32 billion, a PE ratio of -109.52, a P/E/G ratio of 1.71 and a beta of 0.93. Sony Corporation has a 52-week low of $19.63 and a 52-week high of $30.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18.

Sony (NYSE:SONYGet Free Report) last issued its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $32.86 EPS. On average, equities research analysts expect that Sony Corporation will post 1.3 EPS for the current fiscal year.

Sony Announces Dividend

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 is currently -55.00%.

Trending Headlines about Sony

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Insider Activity at Sony

In other news, insider Tsuyoshi Kodera sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $395,675.00. Following the transaction, the insider owned 27,553 shares in the company, valued at approximately $622,973.33. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenichiro Yoshida sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the completion of the transaction, the director owned 661,615 shares in the company, valued at approximately $14,959,115.15. This represents a 37.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

SONY has been the topic of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Benchmark reiterated a “buy” rating on shares of Sony in a research report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.00.

Get Our Latest Research Report on SONY

Sony Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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