Beaumont Financial Advisors LLC Sells 368 Shares of Sony Group Co. (NYSE:SONY)

Beaumont Financial Advisors LLC lessened its stake in Sony Group Co. (NYSE:SONY) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,242 shares of the company’s stock after selling 368 shares during the quarter. Sony Group makes up about 1.1% of Beaumont Financial Advisors LLC’s holdings, making the stock its 28th largest position. Beaumont Financial Advisors LLC’s holdings in Sony Group were worth $12,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in Sony Group by 27.2% during the first quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock worth $402,598,000 after acquiring an additional 949,271 shares during the period. Morgan Stanley lifted its holdings in Sony Group by 0.4% during the third quarter. Morgan Stanley now owns 4,181,880 shares of the company’s stock worth $344,629,000 after acquiring an additional 15,415 shares during the period. BlackRock Inc. lifted its holdings in Sony Group by 32.8% during the second quarter. BlackRock Inc. now owns 3,519,201 shares of the company’s stock worth $316,869,000 after acquiring an additional 869,957 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Sony Group by 11.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,283,236 shares of the company’s stock worth $115,543,000 after acquiring an additional 130,410 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Sony Group by 1.0% during the third quarter. Royal Bank of Canada now owns 1,213,293 shares of the company’s stock worth $99,987,000 after acquiring an additional 12,467 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of NYSE SONY traded down $0.48 during mid-day trading on Friday, hitting $81.40. The company had a trading volume of 324,189 shares, compared to its average volume of 778,128. The company has a market capitalization of $100.47 billion, a price-to-earnings ratio of 15.71 and a beta of 0.98. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $87.07 and its 200-day moving average price is $88.87.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, sell-side analysts forecast that Sony Group Co. will post 5.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Oppenheimer restated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Finally, Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Company 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.