Sony Corporation (NYSE:SONY) Stock Holdings Cut by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 435,539 shares of the company's stock after selling 17,420 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Sony were worth $11,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Brighton Jones LLC boosted its position in shares of Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after buying an additional 16,094 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Sony by 507.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,130 shares of the company's stock worth $10,181,000 after buying an additional 401,919 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Sony in the fourth quarter worth about $329,000. Independent Advisor Alliance purchased a new stake in shares of Sony in the fourth quarter worth about $228,000. Finally, HighTower Advisors LLC boosted its position in shares of Sony by 418.3% in the fourth quarter. HighTower Advisors LLC now owns 224,623 shares of the company's stock worth $4,753,000 after buying an additional 181,282 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Performance

SONY traded up $0.44 during trading hours on Thursday, hitting $24.42. The company's stock had a trading volume of 5,556,878 shares, compared to its average volume of 4,447,850. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. 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 firm has a market capitalization of $147.66 billion, a PE ratio of 19.79, a PEG ratio of 11.52 and a beta of 0.94. The company has a 50-day simple moving average of $25.50 and a 200 day simple moving average of $24.07.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Sony in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Finally, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sony has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.