Key Points
- Insider selling: Sony insider Tsuyoshi Kodera sold 17,500 shares at an average price of $22.61, trimming his ownership by about 38.84% to 27,553 shares.
- Mixed operating results: Sony recently reported quarterly revenue of $19.15 billion, topping estimates, but earnings per share of $0.09 missed expectations of $0.22. The company also posted an 8.3% year-over-year revenue increase.
- Analyst and sentiment backdrop: Broker opinions remain mixed, with a consensus Hold rating and an average price target of $22.00. Recent news also highlighted additional insider sales, which may weigh on investor sentiment.
Sony Corporation (NYSE:SONY - Get Free Report) insider Tsuyoshi Kodera sold 17,500 shares of the company's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $395,675.00. Following the completion of the sale, the insider directly 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 legal filing with the SEC, which is available at this link.
Sony Trading Up 0.2%
NYSE:SONY opened at $22.75 on Wednesday. The firm's fifty day moving average is $21.00 and its 200-day moving average is $23.80. 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 Corporation has a 52 week low of $19.63 and a 52 week high of $30.34. The firm has a market cap of $135.33 billion, a P/E ratio of -113.73, a P/E/G ratio of 1.77 and a beta of 0.92.
Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings data 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 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 company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $32.86 earnings per share. Equities analysts expect that Sony Corporation will post 1.31 earnings per share for the current year.
Sony Announces Dividend
The business also recently announced a dividend, which will be paid on Monday, June 8th. Investors of record on Monday, March 30th will be paid a dividend of $0.0796 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a yield of 80.0%. Sony's dividend payout ratio is currently -55.00%.
Key Sony News
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony announced a new production deal involving Sony TV and Crave, adding to its content pipeline and signaling continued strength in entertainment partnerships.
- Positive Sentiment: Analysts highlighted Sony as a strong value stock, which may help support investor sentiment around the shares.
- Neutral Sentiment: Sony bought a production company behind reality-TV franchises, a move that expands its media footprint but is not likely to move the stock sharply on its own.
- Neutral Sentiment: Recent product and brand coverage around Xperia phones, TVs, headphones, and gaming features points to ongoing consumer-interest activity, though these items appear more promotional than financially material.
- Negative Sentiment: Director Kenichiro Yoshida sold 400,000 shares of Sony stock, and insider Tsuyoshi Kodera also sold shares, a combination that can weigh on sentiment because it may signal limited near-term confidence from leadership. Article Title Article Title
- Negative Sentiment: Sony faced criticism after raising PlayStation Plus subscription prices, which could raise concerns about gamer backlash and slower subscription growth.
- Negative Sentiment: One report also said Sony is being sued over alleged tariff-related windfall profits, adding an overhang of legal and reputational risk.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SONY. YANKCOM Partnership raised its holdings in Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company's stock worth $25,000 after buying an additional 861 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Sony during the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new position in Sony during the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Sony by 404.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company's stock worth $28,000 after buying an additional 889 shares during the last quarter. Finally, Twin Tree Management LP raised its holdings in Sony by 4,218.5% during the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company's stock worth $28,000 after buying an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on SONY. Benchmark reissued a "buy" rating on shares of Sony in a research note on Monday, May 11th. Sanford C. Bernstein reissued a "market perform" rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Finally, Weiss Ratings lowered shares of Sony from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sony presently has a consensus rating of "Hold" and an average price target of $22.00.
Get Our Latest Stock Report on Sony
Sony Company Profile
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Get Free Report)
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.
Further Reading
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