Factory Mutual Insurance Co. Makes New Investment in Sony Corporation $SONY

Factory Mutual Insurance Co. purchased a new stake in Sony Corporation (NYSE:SONYFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 167,119 shares of the company’s stock, valued at approximately $4,811,000.

Several other institutional investors have also recently made changes to their positions in SONY. Flow Traders U.S. LLC bought a new stake in Sony in the 2nd quarter worth $1,228,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Sony by 14.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 760,207 shares of the company’s stock valued at $21,886,000 after acquiring an additional 95,077 shares during the last quarter. JCIC Asset Management Inc. purchased a new stake in shares of Sony during the third quarter worth about $4,371,000. Thrivent Financial for Lutherans grew its stake in shares of Sony by 7,377.3% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock worth $97,145,000 after purchasing an additional 3,329,147 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SONY shares. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded Sony to a “hold” rating in a report on Saturday, December 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Sony in a report on Wednesday, January 14th. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings lowered shares of Sony from a “buy (b-)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

View Our Latest Research Report on Sony

Sony Price Performance

Shares of SONY stock opened at $22.24 on Friday. The business’s fifty day moving average is $24.14 and its 200 day moving average is $26.92. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The stock has a market cap of $134.52 billion, a price-to-earnings ratio of -111.21, a PEG ratio of 8.12 and a beta of 0.97. Sony Corporation has a twelve month low of $20.42 and a twelve month high of $30.34.

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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.

Further Reading

Institutional Ownership by Quarter for Sony (NYSE:SONY)

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