Blue Trust Inc. Acquires 17,168 Shares of Sony Corporation $SONY

Key Points

• Blue Trust Inc. increased its stake in Sony Corporation by 99.1%, acquiring an additional 17,168 shares during the second quarter, bringing its total holdings to 34,487 shares valued at approximately $898,000.
• Sony received a "buy" rating from Weiss Ratings, with four analysts rating the stock as a Buy and one as Hold, resulting in an average target price of $33.00.
• Sony's most recent earnings report revealed an EPS of $0.30, surpassing analysts' estimates of $0.24, despite revenue falling short at $17.79 billion compared to expectations of $18.88 billion.

Blue Trust Inc. boosted its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 99.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,487 shares of the company's stock after acquiring an additional 17,168 shares during the quarter. Blue Trust Inc.'s holdings in Sony were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC raised its position in Sony by 3.1% during the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after acquiring an additional 392 shares in the last quarter. Stonegate Investment Group LLC raised its position in Sony by 2.6% during the first quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock valued at $429,000 after acquiring an additional 433 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Sony by 9.0% during the first quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after acquiring an additional 442 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of Sony by 3.7% in the second quarter. Sowell Financial Services LLC now owns 13,318 shares of the company's stock valued at $347,000 after purchasing an additional 474 shares during the period. Finally, First Foundation Advisors raised its position in shares of Sony by 3.4% in the first quarter. First Foundation Advisors now owns 14,543 shares of the company's stock valued at $369,000 after purchasing an additional 478 shares during the period. Institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Sony in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Sony presently has an average rating of "Moderate Buy" and an average target price of $33.00.

Sony Trading Down 5.2%

NYSE:SONY opened at $28.28 on Friday. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.28. The firm has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $28.29 and its 200-day moving average is $26.08.

Sony (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same quarter in the previous year, the firm posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sony Corporation will post 1.23 EPS for the current year.

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.

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