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

CapWealth Advisors LLC grew its position in Sony Corporation (NYSE:SONY - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 559,430 shares of the company's stock after purchasing an additional 36,755 shares during the period. Sony makes up approximately 1.5% of CapWealth Advisors LLC's holdings, making the stock its 29th biggest position. CapWealth Advisors LLC's holdings in Sony were worth $14,204,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Primecap Management Co. CA raised its holdings in shares of Sony by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Aristotle Capital Management LLC raised its holdings in shares of Sony by 393.7% during the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares during the period. Bank of America Corp DE raised its holdings in shares of Sony by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Sony by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after acquiring an additional 8,157,776 shares during the period. Finally, Mondrian Investment Partners LTD raised its holdings in shares of Sony by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after acquiring an additional 7,925,643 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SONY. Wolfe Research restated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of Sony in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sony has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Stock Down 0.6%

Shares of SONY traded down $0.16 during mid-day trading on Wednesday, hitting $25.09. 1,348,376 shares of the company's stock were exchanged, compared to its average volume of 5,403,017. The firm has a fifty day moving average of $25.61 and a two-hundred day moving average of $23.93. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.94. The stock has a market cap of $151.74 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 12.16 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 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.