Cardinal Capital Management Inc. Trims Stake in Sony Corporation $SONY

Key Points

• Cardinal Capital Management cut its position in Sony by 97.5% in Q4, selling 598,265 shares and leaving 15,180 shares worth about $389,000.
• Analyst sentiment has softened: Sony's consensus rating is Hold with a $22 consensus target after downgrades and price-target cuts from firms including Zacks and Sanford C. Bernstein.
• Sony shares trade around $21.42, below the 200‑day moving average and near the 12‑month low, with a negative P/E, while company news is mixed (new TV/audio/gaming product teases but layoffs at Sony Pictures).

Cardinal Capital Management Inc. reduced its position in Sony Corporation (NYSE:SONY - Free Report) by 97.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,180 shares of the company's stock after selling 598,265 shares during the quarter. Cardinal Capital Management Inc.'s holdings in Sony were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its position in Sony by 2.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company's stock worth $394,000 after purchasing an additional 367 shares during the period. West Family Investments Inc. raised its position in Sony by 1.1% in the 3rd quarter. West Family Investments Inc. now owns 34,228 shares of the company's stock worth $985,000 after purchasing an additional 385 shares during the period. Checchi Capital Advisers LLC raised its position in Sony by 1.3% in the 3rd quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company's stock worth $875,000 after purchasing an additional 391 shares during the period. Baker Tilly Wealth Management LLC raised its position in Sony by 3.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company's stock worth $298,000 after purchasing an additional 409 shares during the period. Finally, Glenmede Investment Management LP raised its position in Sony by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company's stock worth $1,223,000 after purchasing an additional 416 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SONY. Zacks Research downgraded Sony from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. Sanford C. Bernstein reiterated a "market perform" rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Weiss Ratings downgraded Sony from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.00.

Sony Stock Performance

Shares of Sony stock opened at $21.42 on Friday. The firm has a market cap of $127.41 billion, a P/E ratio of -107.07, a P/E/G ratio of 7.29 and a beta of 0.98. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. Sony Corporation has a 12 month low of $19.74 and a 12 month high of $30.34. The stock's fifty day moving average price is $21.59 and its 200-day moving average price is $25.32.

Sony News Summary

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Zacks notes Sony’s stock has risen recently and flagged company-specific facts to watch, supporting the intraday uptick. Sony (SONY) Ascends But Remains Behind Market
• Positive Sentiment: Sony teased next‑gen "True RGB" Mini‑LED TV tech — a product innovation that could help premium TV margins and drive hardware revenue if well received. Sony teases its next-gen 'True RGB' Mini LED TV technology
• Positive Sentiment: Reports of new, competitively priced high-end headphones could expand Sony’s audio addressable market and defend share versus premium rivals. Sony could soon launch new headphones
• Positive Sentiment: Sony appears to be testing a refreshed PlayStation 5 dashboard — an incremental UX improvement that can boost engagement and recurring revenue potential for the gaming segment. PlayStation 5 dashboard testing
• Neutral Sentiment: Technical/flow context: trading volume is below the stock’s average and price sits below the 200‑day SMA — factors that could limit sustained moves absent big fundamental news.
• Negative Sentiment: Multiple outlets report Sony Pictures is cutting “hundreds” of TV, film and corporate roles in a reorganization; while layoffs can lower costs, they create near‑term execution risk for content production and may weigh on sentiment for the entertainment unit. Sony Pictures To Lay off Hundreds

Sony Company Profile

Sony Group Corporation NYSE: SONY is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company's shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony's primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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