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Fiduciary Management Inc. WI Sells 459,606 Shares of Sony Corporation $SONY

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Fiduciary Management Inc. WI trimmed its position in Sony Corporation (NYSE:SONY - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,597,452 shares of the company's stock after selling 459,606 shares during the period. Fiduciary Management Inc. WI owned 0.09% of Sony worth $143,295,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC boosted its holdings in Sony by 2.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company's stock valued at $394,000 after purchasing an additional 367 shares during the period. West Family Investments Inc. boosted its holdings in Sony by 1.1% in the 3rd quarter. West Family Investments Inc. now owns 34,228 shares of the company's stock valued at $985,000 after purchasing an additional 385 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in Sony by 3.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company's stock valued at $298,000 after purchasing an additional 409 shares during the period. Glenmede Investment Management LP boosted its holdings in Sony by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company's stock valued at $1,223,000 after purchasing an additional 416 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in Sony by 1.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,335 shares of the company's stock valued at $1,033,000 after purchasing an additional 433 shares during the period. 14.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the subject of several analyst reports. Benchmark reissued a "buy" rating on shares of Sony in a report on Monday, May 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of Sony in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.00.

Check Out Our Latest Analysis on Sony

Insiders Place Their Bets

In other Sony news, insider Tsuyoshi Kodera sold 17,500 shares of the firm's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $395,675.00. Following the sale, the insider owned 27,553 shares of the company's stock, valued at $622,973.33. This trade represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenichiro Yoshida sold 400,000 shares of the firm's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the completion of the sale, the director directly owned 661,615 shares in the company, valued at approximately $14,959,115.15. This trade represents a 37.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.00% of the stock is owned by company insiders.

Sony Price Performance

Shares of NYSE:SONY opened at $21.91 on Friday. The stock has a market cap of $130.32 billion, a PE ratio of -109.52, a PEG ratio of 1.71 and a beta of 0.93. The company's fifty day moving average is $21.31 and its 200 day moving average is $23.26. Sony Corporation has a 52 week low of $19.63 and a 52 week high of $30.34. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10.

Sony (NYSE:SONY - Get Free Report) last issued its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.13). The business had revenue of $19.15 billion during the quarter, compared to analysts' expectations of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.Sony's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $32.86 EPS. Research analysts anticipate that Sony Corporation will post 1.3 earnings per share for the current year.

Sony Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, March 30th will be issued a $0.0796 dividend. This represents a yield of 80.0%. The ex-dividend date of this dividend is Monday, March 30th. Sony's dividend payout ratio (DPR) is -55.00%.

Sony News Summary

Here are the key news stories impacting Sony this week:

Sony Company Profile

(Free Report)

Sony Group Corporation NYSE: SONY is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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