US Bancorp DE Acquires 12,464 Shares of Sony Corporation $SONY

US Bancorp DE raised its holdings in Sony Corporation (NYSE:SONY) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Optas LLC raised its position in Sony by 2.7% in the 2nd quarter. Optas LLC now owns 19,052 shares of the company’s stock valued at $496,000 after purchasing an additional 494 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Sony during the second quarter worth $372,000. DMC Group LLC raised its position in shares of Sony by 3.2% during the second quarter. DMC Group LLC now owns 40,523 shares of the company’s stock worth $1,055,000 after acquiring an additional 1,243 shares during the last quarter. Marks Group Wealth Management Inc raised its position in shares of Sony by 1.4% during the second quarter. Marks Group Wealth Management Inc now owns 72,768 shares of the company’s stock worth $1,894,000 after acquiring an additional 1,030 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC raised its position in shares of Sony by 4.4% during the second quarter. Figure 8 Investment Strategies LLC now owns 109,388 shares of the company’s stock worth $2,847,000 after acquiring an additional 4,620 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Sony currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Trading Down 5.2%

NYSE SONY opened at $28.28 on Friday. The stock has a 50-day simple moving average of $28.29 and a 200 day simple moving average of $26.07. The company has a market capitalization of $171.00 billion, a PE ratio of 22.44 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.28.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same quarter in the prior year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Research analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

About Sony

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.