Sony Corp (NYSE:SNE) Shares Bought by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC raised its stake in Sony Corp (NYSE:SNE) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,816 shares of the company’s stock after acquiring an additional 75,645 shares during the period. Sony accounts for approximately 3.9% of Minneapolis Portfolio Management Group LLC’s portfolio, making the stock its 12th largest position. Minneapolis Portfolio Management Group LLC owned approximately 0.05% of Sony worth $33,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Sony by 18.0% during the fourth quarter. Geode Capital Management LLC now owns 20,760 shares of the company’s stock valued at $1,001,000 after purchasing an additional 3,161 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sony by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 565,786 shares of the company’s stock valued at $27,316,000 after buying an additional 2,300 shares during the last quarter. Norges Bank purchased a new position in Sony during the fourth quarter valued at $5,197,000. Mercer Global Advisors Inc. ADV purchased a new position in Sony during the first quarter valued at $685,000. Finally, Virtu Financial LLC purchased a new position in Sony during the first quarter valued at $437,000. Institutional investors own 7.83% of the company’s stock.

NYSE:SNE traded up $0.80 during trading hours on Friday, reaching $55.82. 53,041 shares of the company traded hands, compared to its average volume of 1,413,425. The business’s 50-day moving average price is $54.79 and its two-hundred day moving average price is $49.47. The stock has a market capitalization of $69.82 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.84 and a beta of 1.41. Sony Corp has a 1 year low of $41.91 and a 1 year high of $61.02. The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 0.17.



A number of research analysts have issued reports on SNE shares. ValuEngine upgraded Sony from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Macquarie upgraded Sony from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.32.

Sony Company Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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