Nuveen LLC Makes New Investment in Sony Corporation $SONY

Nuveen LLC bought a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,653 shares of the company's stock, valued at approximately $1,083,000.

Other institutional investors have also added to or reduced their stakes in the company. BSW Wealth Partners grew its position in Sony by 87.0% during the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company's stock worth $677,000 after purchasing an additional 12,404 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Sony by 386.6% during the fourth quarter. Ameriprise Financial Inc. now owns 917,856 shares of the company's stock worth $19,424,000 after buying an additional 729,218 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Sony by 30.6% during the first quarter. Mackenzie Financial Corp now owns 481,381 shares of the company's stock valued at $12,222,000 after buying an additional 112,746 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Sony by 18.4% in the 1st quarter. Ballentine Partners LLC now owns 86,779 shares of the company's stock valued at $2,203,000 after acquiring an additional 13,493 shares during the period. Finally, CapWealth Advisors LLC raised its stake in Sony by 7.0% in the 1st quarter. CapWealth Advisors LLC now owns 559,430 shares of the company's stock worth $14,204,000 after acquiring an additional 36,755 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Performance

Shares of SONY stock traded up $0.82 on Thursday, hitting $27.85. The company had a trading volume of 3,224,741 shares, compared to its average volume of 5,098,508. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $29.16. 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 firm has a market cap of $168.40 billion, a P/E ratio of 22.10 and a beta of 0.94. The company has a 50-day moving average price of $25.98 and a 200-day moving average price of $25.21.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $18.88 billion. During the same period last year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.