Bank of New York Mellon Corp Has $16.51 Million Stock Holdings in Sony Corporation (NYSE:SONY)

Bank of New York Mellon Corp lessened its holdings in Sony Corporation (NYSE:SONY - Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 650,189 shares of the company's stock after selling 155,623 shares during the quarter. Bank of New York Mellon Corp's holdings in Sony were worth $16,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of SONY. Capital Analysts LLC increased its holdings in Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares during the period. Accent Capital Management LLC raised its position in Sony by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares in the last quarter. City Holding Co. acquired a new stake in shares of Sony during the first quarter worth $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Sony during the first quarter worth about $31,000. Finally, Operose Advisors LLC grew its holdings in shares of Sony by 400.0% during the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Trading Down 2.0%

Shares of NYSE SONY traded down $0.48 during midday trading on Friday, hitting $23.93. The stock had a trading volume of 3,078,481 shares, compared to its average volume of 4,433,159. The company has a fifty day moving average price of $25.49 and a 200 day moving average price of $24.09. The company has a market capitalization of $144.72 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 11.50 and a beta of 0.94. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SONY. Wolfe Research restated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group initiated coverage on Sony in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.