Cwm LLC Sells 6,828 Shares of Sony Corporation $SONY

Cwm LLC cut its stake in Sony Corporation (NYSE:SONY) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 295,888 shares of the company’s stock after selling 6,828 shares during the period. Cwm LLC’s holdings in Sony were worth $7,702,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Sony in the 1st quarter worth about $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Sony in the 2nd quarter worth about $39,000. Zions Bancorporation National Association UT purchased a new stake in shares of Sony in the 1st quarter worth about $47,000. Financial Management Professionals Inc. grew its position in shares of Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after buying an additional 889 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Sony in the 1st quarter worth about $60,000. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

Shares of SONY stock opened at $28.80 on Wednesday. Sony Corporation has a one year low of $17.42 and a one year high of $30.28. The company’s 50-day moving average is $28.46 and its 200 day moving average is $26.12. The company has a market capitalization of $174.14 billion, a price-to-earnings ratio of 22.85 and a beta of 0.95. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the prior year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.00.

Sony 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.