Boston Common Asset Management LLC Trims Stock Position in Sony Corporation $SONY

Boston Common Asset Management LLC cut its holdings in shares of Sony Corporation (NYSE:SONY) by 19.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,746 shares of the company’s stock after selling 62,643 shares during the quarter. Boston Common Asset Management LLC’s holdings in Sony were worth $6,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in Sony by 3.4% during the first quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock worth $199,198,000 after buying an additional 257,838 shares during the period. Wellington Management Group LLP purchased a new position in Sony during the first quarter worth about $78,905,000. Ameriprise Financial Inc. lifted its position in Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after buying an additional 1,142,849 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Sony by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 1,753,173 shares of the company’s stock worth $44,513,000 after purchasing an additional 6,297 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Sony by 8.3% in the 1st quarter. American Century Companies Inc. now owns 1,615,703 shares of the company’s stock worth $41,023,000 after purchasing an additional 123,641 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

SONY stock opened at $28.96 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 1 year low of $17.42 and a 1 year high of $30.25. The firm has a market cap of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95. The stock has a 50-day simple moving average of $27.76 and a 200-day simple moving average of $25.93.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.