Wealth Enhancement Advisory Services LLC Has $2.84 Million Stock Position in Sony Corporation $SONY

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sony Corporation (NYSE:SONY) by 11.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 110,864 shares of the company’s stock after buying an additional 11,095 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sony were worth $2,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of SONY. City Holding Co. bought a new stake in Sony during the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Sony in the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Sony in the first quarter worth about $47,000. Ameliora Wealth Management Ltd. acquired a new stake in Sony during the 1st quarter valued at approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sony by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock worth $48,000 after purchasing an additional 1,380 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Stock Down 0.1%

SONY stock opened at $29.80 on Friday. The stock has a 50-day simple moving average of $27.36 and a two-hundred day simple moving average of $25.77. The firm has a market capitalization of $180.22 billion, a PE ratio of 23.65 and a beta of 0.94. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.25. 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 (NYSE:SONY) last released 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 firm had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the prior year, the firm posted $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 EPS for the current fiscal 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.