Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 13,084 Shares of Sony Corporation $SONY

Key Points

• Empirical Wealth Management increased its holdings in Sony Corporation by 138.2%, acquiring an additional 13,084 shares, bringing its total to 22,554 shares valued at $587,000.
• Sony reported earnings of $0.30 per share, exceeding analyst expectations, although its revenue of $17.79 billion fell short of the projected $18.88 billion.
• The company's stock currently holds a consensus rating of "Moderate Buy" with a price target of $28.00, according to five analysts who have rated the stock.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 138.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,554 shares of the company's stock after purchasing an additional 13,084 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Sony were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compound Planning Inc. lifted its position in shares of Sony by 18.7% during the 1st quarter. Compound Planning Inc. now owns 97,259 shares of the company's stock worth $2,469,000 after buying an additional 15,336 shares during the period. BSW Wealth Partners lifted its holdings in shares of Sony by 87.0% during the first quarter. BSW Wealth Partners now owns 26,662 shares of the company's stock valued at $677,000 after acquiring an additional 12,404 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Sony by 30.6% during the first quarter. Mackenzie Financial Corp now owns 481,381 shares of the company's stock valued at $12,222,000 after acquiring an additional 112,746 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Sony by 18.4% during the first quarter. Ballentine Partners LLC now owns 86,779 shares of the company's stock valued at $2,203,000 after acquiring an additional 13,493 shares during the period. Finally, CapWealth Advisors LLC lifted its holdings in Sony by 7.0% during the 1st quarter. CapWealth Advisors LLC now owns 559,430 shares of the company's stock valued at $14,204,000 after purchasing an additional 36,755 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Trading Up 3.1%

SONY stock opened at $28.96 on Monday. The company 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 twelve month low of $17.42 and a twelve month high of $30.25. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $27.76 and a 200-day moving average of $25.93.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion during the quarter, compared to analysts' expectations 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 business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Sony Corporation will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Sony in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.

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