US Bancorp DE Has $17.54 Million Position in Sony Corporation $SONY

Key Points

• US Bancorp DE increased its holdings in Sony Corporation by 1.9% during the 2nd quarter, now owning 673,867 shares valued at approximately $17.54 million.
• Sony reported $0.30 earnings per share (EPS) for the last quarter, exceeding estimates by $0.06, but its revenue of $17.79 billion fell short of expectations.
• Analysts maintain a Moderate Buy rating on Sony, with an average target price set at $33.00, reflecting positive sentiment despite the recent earnings report.

US Bancorp DE lifted its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 673,867 shares of the company's stock after purchasing an additional 12,464 shares during the quarter. US Bancorp DE's holdings in Sony were worth $17,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Sony during the 1st quarter worth approximately $47,000. Financial Management Professionals Inc. grew its holdings 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 purchasing an additional 889 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Sony during the 1st quarter worth approximately $60,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Sony during the 2nd quarter worth approximately $69,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Price Performance

Shares of SONY stock opened at $28.28 on Friday. The stock's fifty day simple moving average is $28.29 and its 200 day simple moving average is $26.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. Sony Corporation has a one year low of $17.42 and a one year high of $30.28.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) 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 firm had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, analysts expect that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Sony in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.00.

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.

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