Ritholtz Wealth Management Boosts Stock Position in Sony Corporation $SONY

Ritholtz Wealth Management lifted its holdings in shares of Sony Corporation (NYSE:SONY) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,638 shares of the company’s stock after buying an additional 17,812 shares during the quarter. Ritholtz Wealth Management’s holdings in Sony were worth $5,509,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC acquired a new position in Sony during the first quarter worth $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Sony during the second quarter worth about $39,000. Zions Bancorporation National Association UT acquired a new position in shares of Sony during the 1st quarter worth about $47,000. Financial Management Professionals Inc. lifted its stake in 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 buying an additional 889 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Sony in the 1st quarter worth about $60,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Stock Down 0.3%

Shares of NYSE SONY opened at $28.80 on Wednesday. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.28. 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 stock has a market cap of $174.14 billion, a PE ratio of 22.85 and a beta of 0.95. The company has a 50-day moving average of $28.46 and a 200 day moving average of $26.12.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion for the quarter, compared to analyst estimates 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 posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Sony Company 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.