Huntington National Bank Acquires 1,930 Shares of Sony Corporation $SONY

Huntington National Bank grew its holdings in Sony Corporation (NYSE:SONY) by 36.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,287 shares of the company’s stock after acquiring an additional 1,930 shares during the period. Huntington National Bank’s holdings in Sony were worth $190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares in the last quarter. World Investment Advisors bought a new stake in Sony during the first quarter valued at about $248,000. Concurrent Investment Advisors LLC bought a new stake in Sony during the first quarter valued at about $205,000. Financial Counselors Inc. increased its position in Sony by 16.2% in the first quarter. Financial Counselors Inc. now owns 12,527 shares of the company’s stock worth $318,000 after buying an additional 1,745 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Sony in the first quarter worth about $376,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SONY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday. Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, Sony presently has an average rating of “Buy” and an average price target of $33.00.

Sony Trading Down 2.1%

SONY stock opened at $27.69 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1-year low of $18.41 and a 1-year high of $30.28. The business has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $26.77. The company has a market capitalization of $167.48 billion, a price-to-earnings ratio of 21.98 and a beta of 0.99.

Sony (NYSE:SONY) last released its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter in the previous year, the firm earned $189.90 earnings per share. Research analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal 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.