J. W. Coons Advisors LLC Makes New $1.12 Million Investment in Sony Corporation $SONY

J. W. Coons Advisors LLC acquired a new position in shares of Sony Corporation (NYSE:SONY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 43,010 shares of the company’s stock, valued at approximately $1,120,000.

Several other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. boosted its stake in Sony by 17.6% during the 2nd 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. boosted its stake in Sony by 18.7% during the 1st 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. Mackenzie Financial Corp boosted its stake in Sony by 30.6% during the 1st 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. Ballentine Partners LLC boosted its stake in Sony by 18.4% during the 1st 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. Finally, Ethic Inc. boosted its stake in Sony by 2.4% during the 2nd quarter. Ethic Inc. now owns 473,381 shares of the company’s stock valued at $12,450,000 after acquiring an additional 11,220 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sony has an average rating of “Buy” and a consensus target price of $33.00.

Sony Trading Up 0.1%

Sony stock opened at $27.93 on Tuesday. The firm’s 50-day moving average is $28.74 and its 200-day moving average is $26.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 1 year low of $17.72 and a 1 year high of $30.28. The company has a market cap of $168.88 billion, a P/E ratio of 22.16 and a beta of 0.95.

Sony (NYSE:SONY) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period last year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, equities analysts expect 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.