CapWealth Advisors LLC Has $14.20 Million Holdings in Sony Corporation (NYSE:SONY)

CapWealth Advisors LLC raised its position in Sony Corporation (NYSE:SONY - Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 559,430 shares of the company's stock after buying an additional 36,755 shares during the period. Sony comprises approximately 1.5% of CapWealth Advisors LLC's holdings, making the stock its 29th largest holding. CapWealth Advisors LLC's holdings in Sony were worth $14,204,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP boosted its position in Sony by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after buying an additional 97,130 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Sony by 435.8% in 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 purchasing an additional 473,700 shares during the last quarter. BSW Wealth Partners boosted its position in shares of Sony by 87.0% in the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company's stock worth $677,000 after purchasing an additional 12,404 shares during the last quarter. Aviso Financial Inc. boosted its position in shares of Sony by 393.3% in the 4th quarter. Aviso Financial Inc. now owns 77,700 shares of the company's stock worth $1,644,000 after purchasing an additional 61,950 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Sony by 386.6% in the 4th quarter. Ameriprise Financial Inc. now owns 917,856 shares of the company's stock worth $19,424,000 after purchasing an additional 729,218 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sony Trading Down 0.2%

Sony stock traded down $0.06 during mid-day trading on Tuesday, hitting $25.24. 3,696,247 shares of the company's stock were exchanged, compared to its average volume of 4,415,966. The firm has a market capitalization of $152.64 billion, a P/E ratio of 20.45, a PEG ratio of 12.29 and a beta of 0.94. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The company's 50 day simple moving average is $25.62 and its 200-day simple moving average is $23.92.

Sony 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.