Sony Corporation $SONY Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 90.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,344 shares of the company's stock after purchasing an additional 11,105 shares during the quarter. Rehmann Capital Advisory Group's holdings in Sony were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SONY. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony during the 1st quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Sony during the 2nd quarter worth approximately $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Sony during the 1st quarter worth approximately $47,000. Financial Management Professionals Inc. raised its position in shares of Sony by 81.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock worth $52,000 after purchasing an additional 889 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Sony during the 1st quarter worth approximately $60,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Cfra Research upgraded Sony to a "moderate buy" rating in a research report on Friday, October 10th. Zacks Research upgraded Sony from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Sony in a research report on Wednesday, October 8th. One equities 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 company. Based on data from MarketBeat, Sony presently has an average rating of "Buy" and an average target price of $33.00.

Sony Stock Down 0.3%

SONY opened at $28.68 on Friday. Sony Corporation has a 12 month low of $17.54 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The stock has a market cap of $173.42 billion, a P/E ratio of 22.76 and a beta of 0.95. The stock's 50 day moving average price is $28.73 and its 200 day moving average price is $26.36.

Sony (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The firm had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. During the same period last year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

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.

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