Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 13,084 Shares of Sony Corporation $SONY

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Sony Corporation (NYSE:SONY) by 138.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,554 shares of the company’s stock after acquiring an additional 13,084 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sony were worth $587,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SONY. City Holding Co. bought a new position in Sony in the first quarter valued at $30,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Sony in the 1st quarter valued at about $47,000. Financial Management Professionals Inc. grew its holdings in shares of Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after acquiring an additional 889 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in Sony in the first quarter valued at approximately $56,000. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research note on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Sony presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Trading Up 3.1%

Sony stock opened at $28.96 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. The stock has a 50-day simple moving average of $27.76 and a 200 day simple moving average of $25.93. The stock has a market capitalization of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95.

Sony (NYSE:SONY) last issued 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. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Analysts expect that Sony Corporation will post 1.23 earnings per share for the current 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.