Sony Corporation (NYSE:SONY) Stock Position Reduced by Greenleaf Trust

Greenleaf Trust cut its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 22.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,511 shares of the company's stock after selling 21,617 shares during the quarter. Greenleaf Trust's holdings in Sony were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its holdings in shares of Sony by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after purchasing an additional 97,130 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings 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 period. BSW Wealth Partners raised its holdings 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 period. Aviso Financial Inc. grew its stake in shares of Sony by 393.3% in the fourth quarter. Aviso Financial Inc. now owns 77,700 shares of the company's stock valued at $1,644,000 after buying an additional 61,950 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Sony by 386.6% in the fourth quarter. Ameriprise Financial Inc. now owns 917,856 shares of the company's stock valued at $19,424,000 after buying an additional 729,218 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Stock Down 2.2%

NYSE SONY traded down $0.55 during mid-day trading on Thursday, reaching $24.62. 6,565,061 shares of the company's stock traded hands, compared to its average volume of 4,426,015. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The company has a fifty day simple moving average of $25.59 and a 200-day simple moving average of $23.94. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $148.90 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 12.13 and a beta of 0.94.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SONY. The Goldman Sachs Group began coverage on Sony in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Two equities research 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. According to MarketBeat, Sony has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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.