Abacus Wealth Partners LLC Takes Position in Sony Corporation $SONY

Abacus Wealth Partners LLC bought a new stake in shares of Sony Corporation (NYSE:SONY) in the 4th quarter, Holdings Channel reports. The fund bought 44,731 shares of the company’s stock, valued at approximately $1,145,000.

Several other large investors also recently modified their holdings of the business. May Hill Capital LLC grew its stake in shares of Sony by 95.9% during the fourth quarter. May Hill Capital LLC now owns 44,234 shares of the company’s stock valued at $1,132,000 after acquiring an additional 21,652 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in Sony by 16.8% in the fourth quarter. O Brien Greene & Co. Inc now owns 221,842 shares of the company’s stock valued at $5,679,000 after acquiring an additional 31,914 shares in the last quarter. Stephens Inc. AR grew its stake in Sony by 11.9% in the fourth quarter. Stephens Inc. AR now owns 14,967 shares of the company’s stock worth $383,000 after purchasing an additional 1,592 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Sony by 69.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 147,005 shares of the company’s stock worth $3,763,000 after purchasing an additional 60,075 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Sony by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,411,634 shares of the company’s stock worth $87,342,000 after purchasing an additional 37,360 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Up 0.9%

NYSE:SONY opened at $22.32 on Friday. The company has a market capitalization of $132.76 billion, a price-to-earnings ratio of -111.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. Sony Corporation has a one year low of $19.63 and a one year high of $30.34. The stock has a 50-day simple moving average of $20.95 and a 200 day simple moving average of $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 (NYSE:SONY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $32.86 earnings per share. Sell-side analysts predict that Sony Corporation will post 1.31 EPS for the current fiscal year.

Sony Dividend Announcement

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

Key Stories Impacting Sony

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

Analyst Upgrades and Downgrades

SONY has been the subject of a number of research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $22.00 price target (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Finally, Benchmark reiterated a “buy” rating on shares of Sony in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sony presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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.