U.S. Capital Wealth Advisors LLC Purchases Shares of 14,812 Sony Corporation (NYSE:SONY)

U.S. Capital Wealth Advisors LLC purchased a new position in Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,812 shares of the company's stock, valued at approximately $376,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC grew its position in Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares in the last quarter. Accent Capital Management LLC grew its holdings in shares of Sony by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares in the last quarter. City Holding Co. purchased a new position in shares of Sony during the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony in the first quarter worth approximately $31,000. Finally, Operose Advisors LLC raised its stake in Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Stock Down 0.9%

Shares of SONY opened at $24.42 on Friday. Sony Corporation has a 1 year low of $15.96 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $25.56 and a two-hundred day simple moving average of $23.99. The firm has a market cap of $147.68 billion, a P/E ratio of 19.79, a P/E/G ratio of 11.85 and a beta of 0.94.

Analysts Set New Price Targets

SONY has been the subject of several research analyst reports. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on shares of Sony in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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