Sony Corporation (NYSE:SONY) is Minneapolis Portfolio Management Group LLC's 2nd Largest Position

Minneapolis Portfolio Management Group LLC decreased its position in Sony Corporation (NYSE:SONY - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,601,019 shares of the company's stock after selling 31,968 shares during the period. Sony accounts for 5.6% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 2nd biggest holding. Minneapolis Portfolio Management Group LLC's holdings in Sony were worth $40,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after purchasing an additional 16,094 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sony by 293.4% during the 4th quarter. Bank of New York Mellon Corp now owns 805,812 shares of the company's stock worth $17,051,000 after purchasing an additional 600,974 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Sony in the fourth quarter worth $329,000. Jones Financial Companies Lllp increased its position in Sony by 283.3% in the fourth quarter. Jones Financial Companies Lllp now owns 30,499 shares of the company's stock worth $645,000 after buying an additional 22,543 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Sony by 393.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,992 shares of the company's stock worth $317,000 after buying an additional 11,955 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

NYSE:SONY traded down $0.06 during mid-day trading on Tuesday, hitting $25.24. 3,696,247 shares of the stock traded hands, compared to its average volume of 4,424,971. The business's 50-day moving average price is $25.61 and its 200 day moving average price is $23.93. The company has a market cap of $152.64 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 12.16 and a beta of 0.94. Sony Corporation has a 12-month low of $15.96 and a 12-month 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.

Analyst Ratings Changes

Several brokerages recently weighed in on SONY. Wolfe Research reissued a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Sony in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.