Sony Corporation $SONY Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sony Corporation (NYSE:SONY) by 69.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 147,005 shares of the company’s stock after purchasing an additional 60,075 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sony were worth $3,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in Sony by 7,377.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock worth $97,145,000 after purchasing an additional 3,329,147 shares during the period. Factory Mutual Insurance Co. acquired a new stake in Sony during the 3rd quarter worth about $4,811,000. CWA Asset Management Group LLC acquired a new stake in Sony during the 4th quarter worth about $2,922,000. Brighton Jones LLC grew its position in Sony by 422.0% during 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 during the period. Finally, Todd Asset Management LLC grew its position in Sony by 6.0% during the 3rd quarter. Todd Asset Management LLC now owns 1,197,628 shares of the company’s stock worth $34,480,000 after purchasing an additional 67,373 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating on shares of Sony in a research report on Monday, May 11th. 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, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sony has a consensus rating of “Hold” and an average price target of $22.00.

Insider Activity

In other news, Director Kenichiro Yoshida sold 400,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the sale, the director directly owned 661,615 shares of the company’s stock, valued at $14,959,115.15. This represents a 37.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tsuyoshi Kodera sold 17,500 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $22.61, for a total transaction of $395,675.00. Following the sale, the insider directly owned 27,553 shares in the company, valued at approximately $622,973.33. The trade was a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 7.00% of the company’s stock.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s WH-1000XX “The Collexion” headphones are being positively reviewed as a premium product, which supports the company’s consumer electronics brand. Sony WH-1000XX The Collexion review: Luxury epitomised
• Positive Sentiment: Sony announced a PlayStation State of Play showcase for June, which can help drive attention to upcoming games and hardware. Sony PlayStation State of Play June edition announced

Sony Trading Down 0.2%

SONY stock opened at $22.09 on Monday. The company’s 50-day simple moving average is $21.06 and its 200-day simple moving average is $23.69. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. 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 $131.40 billion, a P/E ratio of -110.43, a PEG ratio of 1.73 and a beta of 0.92.

Sony (NYSE:SONY) last posted its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.43 billion. During the same period in the previous year, the company earned $32.86 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Sony Corporation will post 1.3 EPS for the current fiscal year.

Sony Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, March 30th will be paid a dividend of $0.0796 per share. This represents a dividend yield of 80.0%. The ex-dividend date of this dividend is Monday, March 30th. Sony’s dividend payout ratio is presently -55.00%.

Sony 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.