CapWealth Advisors LLC Has $9.32 Million Stock Position in Sony Group Co. (NYSE:SONY)

CapWealth Advisors LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 98,438 shares of the company’s stock after buying an additional 914 shares during the period. CapWealth Advisors LLC’s holdings in Sony Group were worth $9,321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Alliance grew its position in shares of Sony Group by 2.1% during the 4th quarter. Wealth Alliance now owns 12,425 shares of the company’s stock worth $1,177,000 after purchasing an additional 254 shares in the last quarter. Keel Point LLC grew its position in shares of Sony Group by 20.8% during the 4th quarter. Keel Point LLC now owns 5,035 shares of the company’s stock worth $477,000 after purchasing an additional 866 shares in the last quarter. Waldron Private Wealth LLC grew its position in shares of Sony Group by 1.3% during the 4th quarter. Waldron Private Wealth LLC now owns 19,354 shares of the company’s stock worth $1,832,000 after purchasing an additional 242 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Sony Group by 12.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,113 shares of the company’s stock worth $10,711,000 after purchasing an additional 12,627 shares in the last quarter. Finally, Simplicity Solutions LLC grew its position in shares of Sony Group by 63.1% during the 4th quarter. Simplicity Solutions LLC now owns 9,341 shares of the company’s stock worth $884,000 after purchasing an additional 3,613 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SONY. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sony Group presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Price Performance

Shares of Sony Group stock traded up $0.66 on Thursday, reaching $82.24. 210,617 shares of the stock were exchanged, compared to its average volume of 781,017. The firm’s 50 day moving average is $87.36 and its 200-day moving average is $88.92. Sony Group Co. has a one year low of $79.62 and a one year high of $100.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a market cap of $101.50 billion, a PE ratio of 15.90 and a beta of 0.98.

Sony Group (NYSE:SONY) last issued 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 business had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, analysts anticipate that Sony Group Co. will post 5.21 EPS for the current fiscal year.

About Sony Group

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.