Boston Common Asset Management LLC Increases Stock Holdings in Sony Corporation $SONY

Boston Common Asset Management LLC lifted its position in shares of Sony Corporation (NYSE:SONY) by 10.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 290,651 shares of the company’s stock after buying an additional 28,007 shares during the quarter. Boston Common Asset Management LLC’s holdings in Sony were worth $7,441,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on SONY shares. Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Zacks Research downgraded shares of Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen raised shares of Sony to a “hold” rating in a research report on Saturday, December 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sony has a consensus rating of “Hold” and an average price target of $22.00.

Sony Stock Performance

NYSE SONY opened at $19.92 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97. Sony Corporation has a 1-year low of $19.74 and a 1-year high of $30.34. The firm has a market capitalization of $120.46 billion, a P/E ratio of -99.59, a P/E/G ratio of 7.07 and a beta of 0.94. The business’s 50-day simple moving average is $21.89 and its 200-day simple moving average is $25.72.

Sony Company Profile

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.