Tsuyoshi Kodera Sells 17,500 Shares of Sony (NYSE:SONY) Stock

Sony Corporation (NYSE:SONY) insider Tsuyoshi Kodera sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $395,675.00. Following the sale, the insider owned 27,553 shares in the company, valued at approximately $622,973.33. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sony Stock Performance

Shares of SONY traded up $0.26 on Tuesday, reaching $22.97. 3,972,264 shares of the stock traded hands, compared to its average volume of 6,391,061. The firm has a market cap of $136.62 billion, a price-to-earnings ratio of -114.82, a P/E/G ratio of 1.74 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 0.94. Sony Corporation has a 12 month low of $19.63 and a 12 month high of $30.34. The stock’s 50-day moving average price is $20.98 and its 200-day moving average price is $23.84.

Sony (NYSE:SONY) last released its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $32.86 earnings per share. Equities analysts forecast that Sony Corporation will post 1.31 EPS for the current fiscal year.

Sony Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 8th. Investors of record on Monday, March 30th will be paid a $0.0796 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a yield of 80.0%. Sony’s payout ratio is currently -55.00%.

Sony News Summary

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony announced a major entertainment expansion by buying the production company behind The Real Housewives and The Valley, which could strengthen its TV/content pipeline and support long-term growth. Sony buys ‘Real Housewives,’ ‘The Valley’ production company
• Positive Sentiment: Analysts highlighted Sony as a strong value stock, which may help sentiment by reinforcing the company’s valuation appeal. Here’s Why Sony (SONY) is a Strong Value Stock
• Positive Sentiment: Sony also drew interest from product news, including leaks and previews around new Xperia phones and premium headphones, which can support consumer-electronics buzz. Sony’s premium ‘The ColleXion’ headphones just leaked from top to bottom
• Neutral Sentiment: Sony first-party single-player games may remain PlayStation-exclusive instead of coming to PC, a strategic choice that could help console differentiation but may limit software reach. Sony first-party singleplayer games to stay PlayStation console exclusive, no longer release on PC
• Negative Sentiment: Sony is facing backlash for raising PlayStation Plus and multiplayer access prices, a move that could pressure user growth and spark gamer dissatisfaction. Sony Is Raising The Price Of Playing Multiplayer Games Online On PlayStation 5
• Negative Sentiment: Sony is also being sued over alleged tariff-related windfalls, adding legal and margin-risk concerns for investors. Sony Is Being Sued For Allegedly Retaining ‘Substantial Windfall’ Generated By ‘Illegal’ Tariffs
• Negative Sentiment: Consumer reaction to Sony’s new Xperia AI camera has been poor, with online criticism suggesting weaker enthusiasm for one of its mobile products. Sony’s new Xperia AI camera is going viral for making photos look worse

Hedge Funds Weigh In On Sony

A number of institutional investors and hedge funds have recently bought and sold shares of SONY. YANKCOM Partnership boosted its stake in Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after purchasing an additional 861 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Sony in the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new position in Sony in the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Sony by 404.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after acquiring an additional 889 shares during the period. Finally, Twin Tree Management LP lifted its stake in shares of Sony by 4,218.5% during the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after acquiring an additional 1,139 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SONY. Weiss Ratings lowered Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Finally, Benchmark reissued a “buy” rating on shares of Sony in a research note on Monday, May 11th. 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 stock. According to MarketBeat, Sony has a consensus rating of “Hold” and a consensus price target of $22.00.

About Sony

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.