TD Private Client Wealth LLC Decreases Stock Holdings in Sony Corporation $SONY

TD Private Client Wealth LLC reduced its stake in Sony Corporation (NYSE:SONY) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,663 shares of the company’s stock after selling 13,716 shares during the period. TD Private Client Wealth LLC’s holdings in Sony were worth $1,553,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC increased its holdings in Sony by 3.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock worth $329,000 after purchasing an additional 392 shares during the last quarter. Stonegate Investment Group LLC increased its position in Sony by 2.6% in the first quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company’s stock worth $429,000 after buying an additional 433 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Sony by 9.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after acquiring an additional 442 shares during the period. Sowell Financial Services LLC raised its holdings in shares of Sony by 3.7% during the second quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock valued at $347,000 after buying an additional 474 shares during the last quarter. Finally, First Foundation Advisors increased its holdings in shares of Sony by 3.4% during the first quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock valued at $369,000 after purchasing an additional 478 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Stock Up 1.7%

SONY stock opened at $29.84 on Friday. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. 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 company has a market capitalization of $180.43 billion, a price-to-earnings ratio of 23.68 and a beta of 0.94. The firm’s 50-day moving average is $27.25 and its two-hundred day moving average is $25.71.

Sony (NYSE:SONY) last announced its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same quarter in the previous year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, analysts forecast that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Sony 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.