Sony Corporation $SONY Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in Sony Corporation (NYSE:SONY) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,975,032 shares of the company’s stock after selling 243,552 shares during the quarter. Sony comprises about 1.2% of Gamco Investors INC. ET AL’s holdings, making the stock its 8th biggest position. Gamco Investors INC. ET AL’s holdings in Sony were worth $127,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership grew its holdings in shares of Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after buying an additional 861 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Sony during the fourth quarter valued at about $27,000. Elyxium Wealth LLC acquired a new position in shares of Sony during the fourth quarter valued at about $27,000. Ameriflex Group Inc. grew its holdings in shares of Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $29,000 after buying an additional 760 shares during the last quarter. Finally, Binnacle Investments Inc grew its holdings in shares of Sony by 81.7% during the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock valued at $30,000 after buying an additional 464 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sony News Roundup

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

Sony Stock Up 0.0%

Sony stock opened at $22.32 on Monday. Sony Corporation has a fifty-two week low of $19.63 and a fifty-two week high of $30.34. The stock has a market cap of $132.76 billion, a PE ratio of -111.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. The firm’s 50-day simple moving average is $20.95 and its 200 day simple moving average is $23.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18.

Sony (NYSE:SONY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share 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 quarter last year, the firm posted $32.86 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts predict that Sony Corporation will post 1.31 EPS for the current fiscal year.

Sony Dividend Announcement

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