Opes Wealth Management LLC Trims Position in Sony Corporation $SONY

Opes Wealth Management LLC decreased its position in shares of Sony Corporation (NYSE:SONY) by 48.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,015 shares of the company’s stock after selling 11,445 shares during the quarter. Opes Wealth Management LLC’s holdings in Sony were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in shares of Sony by 117.6% during the 2nd quarter. Bleakley Financial Group LLC now owns 36,947 shares of the company’s stock worth $962,000 after purchasing an additional 19,969 shares during the period. Farley Capital L.P. grew its stake in shares of Sony by 39.1% during the 2nd quarter. Farley Capital L.P. now owns 32,350 shares of the company’s stock worth $842,000 after purchasing an additional 9,100 shares during the period. Forum Financial Management LP grew its stake in Sony by 1.8% in the 2nd quarter. Forum Financial Management LP now owns 110,317 shares of the company’s stock valued at $2,872,000 after acquiring an additional 1,942 shares during the period. Ethic Inc. grew its stake in Sony by 2.4% in the 2nd quarter. Ethic Inc. now owns 473,381 shares of the company’s stock valued at $12,450,000 after acquiring an additional 11,220 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in Sony by 90.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 23,344 shares of the company’s stock valued at $608,000 after acquiring an additional 11,105 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Trading Down 0.3%

Shares of SONY stock opened at $28.68 on Friday. The stock’s fifty day moving average is $28.73 and its two-hundred day moving average is $26.36. 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 firm has a market capitalization of $173.42 billion, a P/E ratio of 22.76 and a beta of 0.95. Sony Corporation has a fifty-two week low of $17.54 and a fifty-two week high of $30.28.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating 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 last year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Research analysts expect that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cfra Research raised shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

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.