Marks Group Wealth Management Inc Grows Stock Position in Sony Corporation $SONY

Marks Group Wealth Management Inc boosted its stake in Sony Corporation (NYSE:SONY) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,768 shares of the company’s stock after acquiring an additional 1,030 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Sony were worth $1,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SONY. City Holding Co. purchased a new position in Sony in the 1st quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Sony in the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in shares of Sony in the 1st quarter valued at approximately $47,000. Financial Management Professionals Inc. raised its position 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 purchasing an additional 889 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Sony in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Stock Performance

SONY stock opened at $28.96 on Monday. 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 firm has a market cap of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.25. The stock’s 50 day simple moving average is $27.76 and its 200 day simple moving average is $25.93.

Sony (NYSE:SONY) last posted its quarterly earnings results 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. 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 prior year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Sony Corporation will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sony currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.