Thrivent Financial for Lutherans Buys 37,360 Shares of Sony Corporation $SONY

Thrivent Financial for Lutherans lifted its stake in shares of Sony Corporation (NYSE:SONY) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,411,634 shares of the company’s stock after acquiring an additional 37,360 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Sony worth $87,342,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SONY. YANKCOM Partnership increased its position in shares of Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after acquiring an additional 861 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Sony during the fourth quarter worth $27,000. Ameriflex Group Inc. increased its position in shares of Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after acquiring an additional 760 shares in the last quarter. Binnacle Investments Inc boosted its holdings in Sony by 81.7% during the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after purchasing an additional 464 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Sony during the third quarter worth $33,000. Institutional investors own 14.05% of the company’s stock.

Trending Headlines about 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

Sony Stock Performance

Shares of SONY stock opened at $22.32 on Friday. The stock has a market cap of $132.76 billion, a P/E ratio of -111.57, a P/E/G ratio of 1.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.97. The company has a fifty day moving average price of $20.95 and a two-hundred day moving average price of $23.92. Sony Corporation has a one year low of $19.63 and a one year high of $30.34.

Sony (NYSE:SONY) last announced 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 negative net margin of 2.61% and a positive return on equity of 12.20%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $32.86 EPS. As a group, equities analysts predict that Sony Corporation will post 1.31 EPS for the current year.

Sony Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SONY. Weiss Ratings cut shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Benchmark restated a “buy” rating on shares of Sony in a report on Monday. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $22.00 target price (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 given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Sony Company 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.