Klein Pavlis & Peasley Financial Inc. Takes $1.14 Million Position in Sony Corporation $SONY

Key Points

• Klein Pavlis & Peasley Financial Inc. has acquired a new stake in Sony Corporation, purchasing 43,800 shares worth approximately $1.14 million during the second quarter.
• Other institutional investors have also shown interest, with firms like City Holding Co. and Bartlett & CO. Wealth Management acquiring stakes in Sony, contributing to a total institutional ownership of 14.05%.
• Sony reported earnings of $0.30 per share for the last quarter, surpassing analysts' expectations, but its revenue of $17.79 billion fell short of the estimated $18.88 billion.

Klein Pavlis & Peasley Financial Inc. bought a new stake in Sony Corporation (NYSE:SONY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,800 shares of the company's stock, valued at approximately $1,140,000.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. bought a new stake in Sony in the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Sony in the first quarter worth approximately $47,000. Financial Management Professionals Inc. lifted its stake in shares of Sony by 81.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock worth $52,000 after acquiring an additional 889 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new position in Sony during the 1st quarter valued at $56,000. Institutional investors own 14.05% of the company's stock.

Sony Stock Performance

Shares of Sony stock opened at $29.80 on Monday. 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 stock's fifty day moving average is $27.36 and its two-hundred day moving average is $25.79. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. The company has a market capitalization of $180.22 billion, a PE ratio of 23.65 and a beta of 0.94.

Sony (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, analysts expect that Sony Corporation will post 1.23 earnings per share 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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