Janney Montgomery Scott LLC Acquires 4,238 Shares of Sony Corporation $SONY

Janney Montgomery Scott LLC increased its holdings in Sony Corporation (NYSE:SONY) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,214 shares of the company’s stock after purchasing an additional 4,238 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sony were worth $3,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the last quarter. NBC Securities Inc. grew its position in shares of Sony by 97,250.0% during the 1st quarter. NBC Securities Inc. now owns 3,894 shares of the company’s stock valued at $98,000 after acquiring an additional 3,890 shares during the period. Merit Financial Group LLC bought a new stake in shares of Sony during the 1st quarter valued at $278,000. Wedmont Private Capital boosted its holdings in Sony by 3.6% in the 1st quarter. Wedmont Private Capital now owns 16,108 shares of the company’s stock worth $409,000 after buying an additional 555 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in Sony in the 1st quarter worth $205,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Stock Performance

Shares of NYSE:SONY opened at $29.77 on Thursday. The firm has a market cap of $180.04 billion, a PE ratio of 23.63 and a beta of 0.95. The firm’s 50 day simple moving average is $28.10 and its 200-day simple moving average is $26.02. Sony Corporation has a one year low of $17.42 and a one year high of $30.25. 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 (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period last year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Sony Corporation will post 1.23 EPS 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.