Wealth Enhancement Advisory Services LLC Buys 11,095 Shares of Sony Corporation $SONY

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Sony Corporation by 11.1%, purchasing an additional 11,095 shares during the second quarter, bringing its total holdings to 110,864 shares.
• As of its latest filing, Wealth Enhancement's holdings in Sony are valued at $2,836,000, highlighting growing institutional interest in the company.
• Sony recently reported earnings of $0.30 per share, exceeding analysts' estimates, although its revenue of $17.79 billion fell short of expectations.

Wealth Enhancement Advisory Services LLC boosted its holdings in Sony Corporation (NYSE:SONY - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,864 shares of the company's stock after purchasing an additional 11,095 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Sony were worth $2,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. City Holding Co. bought a new stake in shares of Sony in the 1st quarter worth $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in Sony during the first quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new position in shares of Sony during the first quarter valued at approximately $47,000. Ameliora Wealth Management Ltd. purchased a new stake in Sony during the first quarter worth $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sony by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after acquiring an additional 1,380 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 0.1%

SONY opened at $29.80 on Friday. The company's 50 day simple moving average is $27.36 and its two-hundred day simple moving average is $25.77. The firm has a market capitalization of $180.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $30.25.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 9.14% and a return on equity of 13.88%. During the same period in the previous year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal 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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