Thrivent Financial for Lutherans lifted its stake in shares of Sony Corporation (NYSE:SONY – Free Report) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,411,634 shares of the company’s stock after buying an additional 37,360 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sony were worth $87,342,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. HighPoint Advisor Group LLC lifted its stake in shares of Sony by 2.8% during the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock worth $394,000 after buying an additional 367 shares during the last quarter. West Family Investments Inc. lifted its stake in shares of Sony by 1.1% during the 3rd quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock worth $985,000 after buying an additional 385 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Sony by 1.3% during the third quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock worth $875,000 after acquiring an additional 391 shares during the period. Baker Tilly Wealth Management LLC increased its position in Sony by 3.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock worth $298,000 after acquiring an additional 409 shares during the period. Finally, Glenmede Investment Management LP increased its position in Sony by 1.0% during the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock worth $1,223,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.
Sony Price Performance
NYSE:SONY opened at $22.32 on Friday. Sony Corporation has a 52 week low of $19.63 and a 52 week high of $30.34. The firm has a market cap of $132.76 billion, a price-to-earnings ratio of -111.57, a P/E/G ratio of 1.72 and a beta of 0.92. The firm’s 50-day simple moving average is $20.95 and its 200 day simple moving average is $23.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.18.
Sony Dividend Announcement
The company also recently announced a dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, March 30th will be issued a $0.0796 dividend. This represents a yield of 80.0%. The ex-dividend date of this dividend is Monday, March 30th. Sony’s dividend payout ratio (DPR) is currently -55.00%.
Analyst Ratings Changes
A number of equities analysts recently commented on SONY shares. Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of Sony in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sony presently has a consensus rating of “Hold” and a consensus price target of $22.00.
Check Out Our Latest Stock Analysis on Sony
Sony News Roundup
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony unveiled the Xperia 1 VIII with larger camera sensors and a redesigned body, giving its premium phone lineup a fresh hardware refresh that could help stabilize mobile sales. Sony’s Xperia 1 VIII has bigger camera sensors and a new look
- Positive Sentiment: Sony also introduced the a7R VI and a new FE 100-400mm F4.5 GM OSS lens, which could reinforce the company’s strong position in high-end imaging and camera accessories. Sony’s a7R VI comes speeding out of the studio
- Positive Sentiment: Sony executive Sanford Panitch said streaming has not created true global intellectual property, a reminder that Sony still sees value in traditional film and franchise monetization beyond streaming alone. Sony’s Sanford Panitch says streaming has never created true global IP
- Neutral Sentiment: Several reviews praised the Xperia 1 VIII’s camera ambitions but also flagged confusing AI processing and at least one major camera tradeoff, making the reception more uncertain than clearly positive. Sony sure seems to be sabotaging the Xperia 1 VIII with its new camera assistant
- Negative Sentiment: Other coverage said Sony’s Xperia 1 VIII still has lingering problems and that AI-touched camera samples were disappointing, which could weigh on consumer sentiment around the flagship phone launch. Sony shows off AI-touched Xperia 1 VIII camera samples. It’s an epic self-own that I can’t digest
- Negative Sentiment: Critics also said the new Xperia flagship makes a major camera tradeoff and that Sony is still ignoring key handset issues, which could limit the phone’s ability to drive a stronger turnaround in mobile. Sony’s new Xperia flagship phone makes a major camera tradeoff
Sony Company Profile
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
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