Sony Corporation (NYSE: SNE) Seen Running Too Hot, Let’s Look At This More Closely


Aristotle Capital Management LLC recently announced the acquisition of new stake in Sony Corporation (NYSE:SNE). The institutional investor has increased its shareholding in the Technology company by 0.31% to 10.93 million shares with purchase of 33615.0 shares. This fresh investment now brings its stake to 0.87% valued currently at $755.41 million. In addition, Morgan Stanley Smith Barney LLC (… raised its holdings by 0.22 million to 2.06 million shares. And Parametric Portfolio Associates L… has lifted its position by 5.80% or 73531.0 shares – to 1.34 million shares.

With over 0.54 million Sony Corporation (SNE) shares trading Friday and a closing price of $76.46 on the day, the dollar volume was approximately $40.93 million. The shares have shown a positive weekly performance of 0.50% and its price on 07/24/20 gained nearly 0.05%. Currently, there are 1.22B common shares owned by the public and among those 1.04B shares have been available to trade.

Incidentally, analysts’ outlook for the Sony Corporation stock is 1.20 for the next 12 months.

The top 3 mutual fund holders in Sony Corporation are Vanguard PRIMECAP Fund, PRIMECAP Odyssey Aggressive Growt, and Vanguard Windsor Funds – Vanguard. Vanguard PRIMECAP Fund owns 16.39 million shares of the company’s stock, all valued at over $1.13 billion. The company sold -0.89 million shares recently to bring their total holdings to about 1.30% of the shares outstanding. PRIMECAP Odyssey Aggressive Growt sold -1.55 million shares to see its total holdings shrink to 5.34 million shares valued at over $369.0 million and representing 0.42% of the shares outstanding. Vanguard Windsor Funds – Vanguard sold -0.32 million shares to bring its total holdings to over 3.38 million shares at a value of $233.31 million. Vanguard Windsor Funds – Vanguard now owns shares totaling to 0.27% of the shares outstanding.

Shares of Sony Corporation (NYSE: SNE) opened at $75.85, down -$0.57 from a prior closing price of $76.42. However, the script later closed the day at $76.46, up 0.05%. The company’s stock has a 5-day price change of 0.50% and 21.44% over the past three months. SNE shares are trading 12.44% year to date (YTD), with the 12-month market performance up to 40.16% higher. It has a 12-month low price of $50.94 and touched a high of $78.50 over the same period. Currently, 0.54 million shares have been traded, compared to an average intraday trading volume of 1.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.60%, 10.30%, and 17.28% respectively.

Institutional ownership of Sony Corporation (NYSE: SNE) shares accounts for 7.90% of the company’s 1.22B shares outstanding. Mutual fund holders own 3.62%, while other institutional holders and individual stakeholders account for 3.81% and — respectively.

It has a market capitalization of $96.91B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 17.80, while the earnings-per-share (ttm) stands at $4.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 1.69% over the month.

Analysts forecast that Sony Corporation (SNE) will achieve an EPS of $0.44 for the current quarter, $0.91 for the next quarter and $4.61 for 2022. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.62. Comparatively, EPS for the current quarter was $1.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.80%, and 15.69% over the next financial year. EPS should shrink at an annualized rate of -14.50% over the next five years, compared to 43.50% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Sony Corporation (SNE) as a “Strong Buy” at a consensus score of 1.20. Specifically, 19 Wall Street analysts polled rate the stock as a buy, while 2 of the 21 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the SNE, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on March 18, 2020, with the firm’s price target at $70. UBS coverage for the Sony Corporation (SNE) stock in a research note released on October 31, 2019 offered a Buy rating with a price target of . Gabelli & Co was of a view on October 24, 2019 that the stock is Buy, while Macquarie gave the stock Outperform rating on April 23, 2019, issuing a price target of . Jefferies on their part issued Buy rating on April 15, 2019.


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