Sony Corporation $SONY Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its position in shares of Sony Corporation (NYSE:SONY) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 428,168 shares of the company’s stock after selling 7,371 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Sony were worth $11,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony during the first quarter valued at $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Sony in the second quarter valued at about $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Sony in the first quarter valued at about $47,000. Financial Management Professionals Inc. grew its position in shares of Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after purchasing an additional 889 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Sony in the first quarter valued at about $60,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Stock Performance

SONY opened at $28.72 on Thursday. The firm has a market capitalization of $173.68 billion, a PE ratio of 22.79 and a beta of 0.95. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.28. The firm’s 50-day moving average price is $28.71 and its 200 day moving average price is $26.31. 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 (NYSE:SONY) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period in the previous year, the business posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of several research analyst reports. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $33.00.

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.