BSW Wealth Partners Has $677,000 Stock Position in Sony Corporation (NYSE:SONY)

BSW Wealth Partners raised its stake in Sony Corporation (NYSE:SONY - Free Report) by 87.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,662 shares of the company's stock after acquiring an additional 12,404 shares during the period. BSW Wealth Partners' holdings in Sony were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Forum Financial Management LP raised its stake in Sony by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after purchasing an additional 97,130 shares in the last quarter. West Family Investments Inc. raised its position in shares of Sony by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after buying an additional 21,303 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Sony by 435.8% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock worth $12,323,000 after acquiring an additional 473,700 shares during the period. Sage Rhino Capital LLC boosted its position in shares of Sony by 404.1% during the 4th quarter. Sage Rhino Capital LLC now owns 24,829 shares of the company's stock worth $525,000 after acquiring an additional 19,904 shares in the last quarter. Finally, Schechter Investment Advisors LLC boosted its position in shares of Sony by 387.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,112 shares of the company's stock worth $955,000 after acquiring an additional 35,866 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SONY has been the subject of several recent analyst reports. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Finally, The Goldman Sachs Group assumed coverage on Sony in a research note on Tuesday, March 25th. They set a "buy" rating for the company. 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Price Performance

SONY stock traded down $0.56 during midday trading on Tuesday, reaching $25.47. 8,184,588 shares of the stock were exchanged, compared to its average volume of 4,407,294. Sony Corporation has a 52 week low of $15.96 and a 52 week high of $26.95. The company has a fifty day moving average price of $25.56 and a 200 day moving average price of $23.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The stock has a market capitalization of $154.03 billion, a PE ratio of 20.64, a P/E/G ratio of 12.67 and a beta of 0.96.

About Sony

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.