Public Employees Retirement System of Ohio Purchases Shares of 759,221 Sony Corporation $SONY

Public Employees Retirement System of Ohio purchased a new stake in shares of Sony Corporation (NYSE:SONY) in the 1st quarter, Holdings Channel reports. The fund purchased 759,221 shares of the company’s stock, valued at approximately $15,716,000.

Other institutional investors have also recently made changes to their positions in the company. Glenmede Investment Management LP boosted its holdings in shares of Sony by 1.0% in the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock worth $1,223,000 after buying an additional 416 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in Sony by 1.1% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,335 shares of the company’s stock valued at $1,033,000 after buying an additional 433 shares during the period. Nicolet Advisory Services LLC increased its holdings in Sony by 2.5% during the fourth quarter. Nicolet Advisory Services LLC now owns 18,097 shares of the company’s stock valued at $456,000 after buying an additional 440 shares during the last quarter. Binnacle Investments Inc increased its holdings in 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. Finally, Sunpointe LLC raised its position in Sony by 5.5% in the fourth quarter. Sunpointe LLC now owns 9,454 shares of the company’s stock worth $242,000 after acquiring an additional 493 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Sony in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Key Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony Pictures reportedly secured or expanded distribution ties for new films including Ramayana and Los Hilos del Miedo, which could support future content revenue and reinforce Sony’s role in global film distribution. Ramayana Movie Lands at Sony
• Positive Sentiment: Sony is said to be reopening Hollywood’s Cinerama Dome and ArcLight Cinemas, a move that could boost theater operations and signal confidence in a rebound in moviegoing demand. Sony to reopen Hollywood’s Cinerama Dome and ArcLight Cinemas
• Positive Sentiment: Sony launched or highlighted a new FX5 cinema camera with 5K open-gate recording, internal RAW support, and AI features, reinforcing its premium imaging franchise and product pipeline. Sony’s new cinema camera offers 5K recording, built-in AI processing
• Positive Sentiment: Sony’s new high-end “The Collexion” headphones are getting favorable attention, and cheaper XM5 pricing may help stimulate demand in consumer audio. Sony’s ‘The Collexion’ Headphones Set New Standard for Audio Engineering and Sound Design
• Neutral Sentiment: Several reports about Sony’s cinema camera FX5 emphasized technical upgrades, but they are more of a product refresh than a clear near-term earnings catalyst. Sony FX5 Launches With a New Sensor Open Gate Recording and Internal RAW Support
• Negative Sentiment: One report warned that Sony’s push to end physical discs could hurt the $7.2 billion used-games market, raising concerns about pushback from gamers and the broader gaming ecosystem. Sony’s decision to end physical discs could destroy the $7.2 Billion second-hand games market, per analysis

Insider Transactions at Sony

In related news, insider Ravi Ahuja sold 36,826 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $21.08, for a total value of $776,292.08. Following the sale, the insider owned 58,786 shares in the company, valued at approximately $1,239,208.88. The trade was a 38.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Jose Platt sold 16,512 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the sale, the insider directly owned 83,326 shares in the company, valued at approximately $1,756,512.08. The trade was a 16.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 771,838 shares of company stock valued at $16,866,580. 7.00% of the stock is owned by insiders.

Sony Trading Up 1.6%

Shares of SONY stock opened at $21.01 on Friday. 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 $19.32 and a 52-week high of $30.34. The stock has a fifty day simple moving average of $21.14 and a two-hundred day simple moving average of $21.65. The firm has a market capitalization of $124.15 billion, a PE ratio of -105.06, a PEG ratio of 1.67 and a beta of 0.94.

Sony (NYSE:SONY) last posted 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 business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $32.86 earnings per share. On average, analysts predict that Sony Corporation will post 1.28 EPS for the current fiscal year.

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.