Sony Corporation (NYSE:SONY) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Sony Corporation (NYSE:SONY - Free Report) by 9.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 726,743 shares of the company's stock after selling 76,082 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Sony were worth $18,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Primecap Management Co. CA lifted its holdings in Sony by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after acquiring an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Sony by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after acquiring an additional 8,157,776 shares during the period. Finally, Mondrian Investment Partners LTD raised its holdings in Sony by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Trading Down 0.4%

NYSE:SONY traded down $0.11 during mid-day trading on Friday, reaching $25.60. The company's stock had a trading volume of 2,282,827 shares, compared to its average volume of 4,420,236. The company's fifty day simple moving average is $25.62 and its two-hundred day simple moving average is $23.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.95. The stock has a market cap of $154.82 billion, a P/E ratio of 20.75, a P/E/G ratio of 12.29 and a beta of 0.94.

Wall Street Analyst Weigh In

SONY has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Sony in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.