Pittenger & Anderson Inc. Buys 1,000 Shares of Sony Corporation $SONY

Pittenger & Anderson Inc. increased its holdings in Sony Corporation (NYSE:SONY) by 34.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,875 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Pittenger & Anderson Inc.’s holdings in Sony were worth $101,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SONY. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Sony in the 1st quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Sony in the 2nd quarter valued at $39,000. Zions Bancorporation National Association UT purchased a new stake in Sony during the 1st quarter valued at $47,000. Financial Management Professionals Inc. boosted its position in Sony by 81.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after buying an additional 889 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in Sony during the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Down 0.2%

NYSE:SONY opened at $29.14 on Wednesday. The company has a 50-day moving average price of $28.70 and a 200-day moving average price of $26.29. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.28. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $176.23 billion, a price-to-earnings ratio of 23.13 and a beta of 0.95.

Sony (NYSE:SONY) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion during 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 last year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Equities analysts predict that Sony Corporation will post 1.23 EPS for the current year.

Analyst Ratings Changes

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

Sony Company 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.