Philip James Wealth Mangement LLC Grows Stock Position in Sony Corporation $SONY

Philip James Wealth Mangement LLC grew its holdings in shares of Sony Corporation (NYSE:SONY) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,953 shares of the company’s stock after purchasing an additional 956 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Sony were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP purchased a new stake in Sony in the 1st quarter worth approximately $78,905,000. 1832 Asset Management L.P. increased its holdings in Sony by 702.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock worth $33,472,000 after acquiring an additional 1,154,010 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Sony by 124.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sony by 2,995.3% in the 1st quarter. GAMMA Investing LLC now owns 994,755 shares of the company’s stock worth $25,257,000 after acquiring an additional 962,617 shares in the last quarter. Finally, Todd Asset Management LLC increased its holdings in Sony by 59.2% in the 1st quarter. Todd Asset Management LLC now owns 1,515,899 shares of the company’s stock worth $38,489,000 after acquiring an additional 563,802 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Down 0.2%

Sony stock opened at $28.74 on Thursday. The firm has a 50 day moving average of $27.63 and a 200 day moving average of $25.86. The firm has a market capitalization of $173.78 billion, a price-to-earnings ratio of 22.81 and a beta of 0.95. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.25. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $18.88 billion. During the same period in the prior year, the firm posted $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.

Sony 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.