Geneos Wealth Management Inc. Raises Stock Position in Sony Corporation $SONY

Geneos Wealth Management Inc. lifted its position in Sony Corporation (NYSE:SONY) by 33.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,239 shares of the company’s stock after buying an additional 2,333 shares during the period. Geneos Wealth Management Inc.’s holdings in Sony were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Compound Planning Inc. boosted its stake in Sony by 18.7% in the 1st quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after purchasing an additional 15,336 shares in the last quarter. BSW Wealth Partners boosted its stake in Sony by 87.0% in the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company’s stock worth $677,000 after purchasing an additional 12,404 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Sony by 30.6% in the 1st quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock worth $12,222,000 after purchasing an additional 112,746 shares in the last quarter. Ballentine Partners LLC boosted its stake in Sony by 18.4% in the 1st quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock worth $2,203,000 after purchasing an additional 13,493 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its stake in Sony by 7.0% in the 1st quarter. CapWealth Advisors LLC now owns 559,430 shares of the company’s stock worth $14,204,000 after purchasing an additional 36,755 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Price Performance

Shares of NYSE SONY opened at $29.36 on Tuesday. The firm has a 50-day simple moving average of $26.45 and a 200-day simple moving average of $25.43. The stock has a market capitalization of $177.53 billion, a price-to-earnings ratio of 23.30 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $29.44.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business 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 prior year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price 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.