American Trust purchased a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 13,771 shares of the company's stock, valued at approximately $350,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Royal Bank of Canada boosted its stake in Sony by 416.6% during the 4th quarter. Royal Bank of Canada now owns 5,796,210 shares of the company's stock valued at $122,649,000 after purchasing an additional 4,674,249 shares in the last quarter. Wellington Management Group LLP bought a new position in Sony during the 1st quarter valued at $78,905,000. LMR Partners LLP bought a new position in Sony during the 4th quarter valued at $44,854,000. 1832 Asset Management L.P. lifted its position in shares of Sony by 702.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company's stock valued at $33,472,000 after acquiring an additional 1,154,010 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company's stock valued at $52,814,000 after acquiring an additional 1,142,849 shares during the last quarter. 14.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Sony has a consensus rating of "Buy" and a consensus price target of $28.00.
Check Out Our Latest Stock Analysis on Sony
Sony Stock Up 0.1%
Sony stock traded up $0.03 during mid-day trading on Friday, hitting $29.22. 4,680,230 shares of the company's stock were exchanged, compared to its average volume of 5,057,368. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $176.68 billion, a P/E ratio of 23.19 and a beta of 0.94. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $29.41. The stock has a 50 day moving average of $26.30 and a two-hundred day moving average of $25.37.
Sony (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period in the prior year, the business posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal year.
Sony Company Profile
(
Free Report)
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.
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