Franklin Street Advisors Inc. NC Has $384,000 Holdings in Sony Corporation $SONY

Franklin Street Advisors Inc. NC lowered its stake in Sony Corporation (NYSE:SONY) by 9.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,770 shares of the company’s stock after selling 1,516 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Sony were worth $384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ascent Group LLC lifted its position in shares of Sony by 32.7% in the second quarter. Ascent Group LLC now owns 15,985 shares of the company’s stock worth $416,000 after buying an additional 3,938 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Sony in the second quarter worth about $91,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Sony by 138.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,554 shares of the company’s stock worth $587,000 after buying an additional 13,084 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Sony in the second quarter worth about $107,000. Finally, Philip James Wealth Mangement LLC lifted its position in shares of Sony by 6.4% in the second quarter. Philip James Wealth Mangement LLC now owns 15,953 shares of the company’s stock worth $415,000 after buying an additional 956 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Trading Up 3.1%

Sony stock opened at $28.96 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The business’s 50-day simple moving average is $27.76 and its 200-day simple moving average is $25.92. The firm has a market capitalization of $175.11 billion, a PE ratio of 22.98 and a beta of 0.95. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25.

Sony (NYSE:SONY) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business 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 period in the previous year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.