PDS Planning Inc Has $590,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

PDS Planning Inc raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,231 shares of the company’s stock after purchasing an additional 138 shares during the quarter. PDS Planning Inc’s holdings in Sony Group were worth $590,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC acquired a new stake in shares of Sony Group during the fourth quarter valued at about $229,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Sony Group during the fourth quarter valued at about $234,000. Cetera Trust Company N.A acquired a new stake in shares of Sony Group during the fourth quarter valued at about $297,000. Handelsbanken Fonder AB boosted its stake in shares of Sony Group by 5.0% during the fourth quarter. Handelsbanken Fonder AB now owns 21,200 shares of the company’s stock valued at $2,007,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Sony Group by 11.1% during the fourth quarter. Signaturefd LLC now owns 26,051 shares of the company’s stock valued at $2,467,000 after purchasing an additional 2,602 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of recent research reports. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Up 0.1 %

Shares of NYSE SONY traded up $0.09 during midday trading on Tuesday, hitting $81.65. 374,497 shares of the stock traded hands, compared to its average volume of 774,175. The company has a market cap of $100.77 billion, a PE ratio of 15.75 and a beta of 0.98. Sony Group Co. has a one year low of $79.62 and a one year high of $100.94. The business has a 50 day moving average price of $86.48 and a two-hundred day moving average price of $88.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, equities analysts predict that Sony Group Co. will post 5.21 EPS for the current year.

Sony Group 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.