Pittenger & Anderson Inc. Acquires 1,000 Shares of Sony Corporation $SONY

Pittenger & Anderson Inc. increased its holdings in Sony Corporation (NYSE:SONY) by 34.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,875 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Sony were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CapWealth Advisors LLC increased its stake in Sony by 1.3% during the 2nd quarter. CapWealth Advisors LLC now owns 566,520 shares of the company’s stock valued at $14,747,000 after purchasing an additional 7,090 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Sony by 8.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 11,001 shares of the company’s stock valued at $286,000 after purchasing an additional 812 shares in the last quarter. WCM Investment Management LLC increased its stake in Sony by 1.1% during the 2nd quarter. WCM Investment Management LLC now owns 139,188 shares of the company’s stock valued at $3,661,000 after purchasing an additional 1,513 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Sony by 4.7% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company’s stock valued at $254,000 after purchasing an additional 442 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Sony by 9.2% during the 2nd quarter. Ritholtz Wealth Management now owns 211,638 shares of the company’s stock valued at $5,509,000 after purchasing an additional 17,812 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

Shares of NYSE SONY opened at $29.14 on Wednesday. The firm’s 50-day moving average price is $28.70 and its 200-day moving average price is $26.29. 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 company has a market cap of $176.23 billion, a PE ratio of 23.13 and a beta of 0.95. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $30.28.

Sony (NYSE:SONY) last announced its quarterly 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 for 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 last year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sony Corporation will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sony presently has an average rating of “Buy” and an average target price of $33.00.

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.