Callan Family Office LLC Buys 159,308 Shares of Sony Corporation $SONY

Key Points

• Callan Family Office LLC increased its stake in Sony Corporation by 234.8%, acquiring an additional 159,308 shares to own 227,143 shares valued at $5.91 million.
• Sony recently reported $0.30 earnings per share for the quarter, surpassing analysts' estimates, with revenues of $17.79 billion compared to a consensus estimate of $18.88 billion.
• The consensus rating for Sony stock is a "Moderate Buy" with an average target price of $33.00, according to Wall Street analysts.

Callan Family Office LLC boosted its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 234.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,143 shares of the company's stock after acquiring an additional 159,308 shares during the period. Callan Family Office LLC's holdings in Sony were worth $5,913,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT bought a new position in shares of Sony in the 1st quarter valued at $47,000. Financial Management Professionals Inc. increased its stake in shares of Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock valued at $52,000 after purchasing an additional 889 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Sony in the 1st quarter valued at $60,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Sony in the 2nd quarter valued at $69,000. Institutional investors own 14.05% of the company's stock.

Sony Trading Down 5.2%

NYSE SONY opened at $28.28 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.28. The company has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. The business's fifty day moving average is $28.29 and its 200 day moving average is $26.07.

Sony (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter last year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Sony

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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