Northwestern Mutual Wealth Management Co. Purchases 10,196 Shares of Sony Corporation $SONY

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Sony Corporation by 14.4%, holding shares valued at approximately $2.06 million as of the end of the last quarter.
• Multiple institutional investors, including Aristotle Capital Management LLC and Bank of America Corp DE, significantly boosted their stakes in Sony, reflecting increased interest in the company.
• Sony has recently faced a downgrade in its stock rating from a "buy" to a "hold" by Wall Street Zen, with the stock's average price target currently set at $28.00.

Northwestern Mutual Wealth Management Co. lifted its holdings in Sony Corporation (NYSE:SONY - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,092 shares of the company's stock after purchasing an additional 10,196 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Sony were worth $2,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Aristotle Capital Management LLC lifted its position in 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 acquiring an additional 42,083,842 shares during the last quarter. Bank of America Corp DE lifted its position in 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 acquiring an additional 18,821,902 shares during the last quarter. Northern Trust Corp lifted its position in 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 acquiring an additional 257,838 shares during the last quarter. Royal Bank of Canada lifted its position in 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 acquiring an additional 4,674,249 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Sony during the 1st quarter worth $78,905,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Price Performance

NYSE SONY traded down $0.04 on Wednesday, reaching $26.92. The company's stock had a trading volume of 2,115,227 shares, compared to its average volume of 5,101,946. The firm has a market cap of $162.77 billion, a PE ratio of 21.36 and a beta of 0.94. The business has a 50-day moving average price of $25.94 and a 200 day moving average price of $25.20. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $29.16. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

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

Analyst Upgrades and Downgrades

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

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.