Secured Retirement Advisors LLC Sells 415 Shares of Sony Corporation $SONY

Secured Retirement Advisors LLC lessened its stake in shares of Sony Corporation (NYSE:SONY) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,050 shares of the company’s stock after selling 415 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Sony were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp boosted its stake in Sony by 3.4% in the first quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock valued at $199,198,000 after acquiring an additional 257,838 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Sony in the 1st quarter worth $78,905,000. Ameriprise Financial Inc. boosted its position in shares of Sony by 124.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after purchasing an additional 1,142,849 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Sony by 0.4% in the first quarter. Raymond James Financial Inc. now owns 1,753,173 shares of the company’s stock worth $44,513,000 after acquiring an additional 6,297 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Sony by 8.3% in the first quarter. American Century Companies Inc. now owns 1,615,703 shares of the company’s stock worth $41,023,000 after acquiring an additional 123,641 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Stock Performance

Shares of NYSE SONY opened at $29.70 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.25. The company has a 50 day simple moving average of $27.99 and a two-hundred day simple moving average of $25.99. The stock has a market cap of $179.64 billion, a price-to-earnings ratio of 23.57 and a beta of 0.95.

Sony (NYSE:SONY) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $17.79 billion during the quarter, compared to analysts’ expectations of $18.88 billion. During the same quarter in the previous year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

About Sony

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.