Greenleaf Trust Has $1.89 Million Stock Position in Sony Corporation (NYSE:SONY)

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

Other hedge funds have also modified their holdings of the company. CapWealth Advisors LLC increased its stake in Sony by 7.0% during the 1st quarter. CapWealth Advisors LLC now owns 559,430 shares of the company's stock worth $14,204,000 after purchasing an additional 36,755 shares in the last quarter. May Hill Capital LLC increased its stake in Sony by 7.7% during the 1st quarter. May Hill Capital LLC now owns 20,156 shares of the company's stock worth $512,000 after purchasing an additional 1,442 shares in the last quarter. Brown Advisory Inc. increased its stake in Sony by 4.5% during the 1st quarter. Brown Advisory Inc. now owns 37,659 shares of the company's stock worth $956,000 after purchasing an additional 1,631 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in Sony by 4.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 41,005 shares of the company's stock worth $1,041,000 after purchasing an additional 1,887 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Sony during the 1st quarter worth approximately $376,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sony Stock Down 0.8%

SONY traded down $0.19 during trading on Friday, reaching $24.47. 2,095,609 shares of the stock were exchanged, compared to its average volume of 5,405,559. The stock has a market cap of $147.96 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 12.10 and a beta of 0.94. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.94. The stock's 50 day moving average price is $25.58 and its two-hundred day moving average price is $23.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70.

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.