Venturi Wealth Management LLC Makes New Investment in Sony Corporation $SONY

Key Points

• Venturi Wealth Management LLC has acquired a new position in Sony Corporation, purchasing 14,290 shares valued at approximately $372,000 in the second quarter of 2023.
• Several hedge funds have increased their stakes in Sony, with notable raises including QRG Capital Management and BSW Wealth Partners, reflecting **growing institutional interest** in the company.
• Analysts have **reaffirmed a "buy" rating** for Sony, with a consensus price target of $33.00, indicating positive sentiment towards the stock's future performance.

Venturi Wealth Management LLC purchased a new position in Sony Corporation (NYSE:SONY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,290 shares of the company's stock, valued at approximately $372,000.

Several other hedge funds have also added to or reduced their stakes in SONY. QRG Capital Management Inc. raised its stake in shares of Sony by 17.6% during the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company's stock valued at $15,240,000 after acquiring an additional 87,649 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Sony by 18.7% during the first quarter. Compound Planning Inc. now owns 97,259 shares of the company's stock valued at $2,469,000 after acquiring an additional 15,336 shares during the last quarter. BSW Wealth Partners raised its stake 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 last quarter. Mackenzie Financial Corp raised its stake 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 last quarter. Finally, Ballentine Partners LLC raised its stake 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 last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sony in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Sony Price Performance

Shares of NYSE SONY opened at $28.28 on Friday. Sony Corporation has a 1 year low of $17.42 and a 1 year 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 company's 50-day moving average is $28.29 and its 200 day moving average is $26.07. The stock has a market capitalization of $171.00 billion, a P/E ratio of 22.44 and a beta of 0.95.

Sony (NYSE:SONY - Get Free Report) last announced 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 company had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the previous year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Sony Corporation will post 1.23 earnings per share for the current year.

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.

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