Douglass Winthrop Advisors LLC Invests $227,000 in Sony Corporation $SONY

Key Points

• Douglass Winthrop Advisors LLC has invested approximately $227,000 in Sony Corporation, acquiring 8,925 shares during the first quarter.
• Sony's stock price has increased by 3.4% and is currently trading at $28.5750, with a market capitalization of $172.81 billion.
• Although Sony beat earnings estimates for the last quarter with $0.30 EPS, its revenue fell short of analyst predictions, coming in at $17.79 billion.

Douglass Winthrop Advisors LLC acquired a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,925 shares of the company's stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of the stock. Aristotle Capital Management LLC lifted its position in shares of Sony by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after buying an additional 42,083,842 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares during the last quarter. Northern Trust Corp lifted its position in shares of Sony by 3.4% during the 1st quarter. Northern Trust Corp now owns 7,845,521 shares of the company's stock worth $199,198,000 after buying an additional 257,838 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Sony by 416.6% during the 4th quarter. Royal Bank of Canada now owns 5,796,210 shares of the company's stock worth $122,649,000 after buying an additional 4,674,249 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Sony in the 1st quarter valued at $78,905,000. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $28.00.

Sony Stock Performance

Sony stock traded up $0.15 during trading hours on Thursday, reaching $27.99. 4,570,561 shares of the stock were exchanged, compared to its average volume of 5,124,459. The stock has a market cap of $169.25 billion, a P/E ratio of 22.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $29.16. The firm's 50 day moving average is $25.74 and its 200 day moving average is $25.05.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion during 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 quarter in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony Company 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.