CapWealth Advisors LLC Purchases 914 Shares of Sony Group Co. (NYSE:SONY)

CapWealth Advisors LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 98,438 shares of the company’s stock after acquiring 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 SEC filing.

Other large investors also recently made changes to their positions in the company. Wealth Alliance raised its position in Sony Group by 2.1% in the fourth quarter. Wealth Alliance now owns 12,425 shares of the company’s stock worth $1,177,000 after acquiring an additional 254 shares during the period. Keel Point LLC raised its position in Sony Group by 20.8% in the fourth quarter. Keel Point LLC now owns 5,035 shares of the company’s stock worth $477,000 after acquiring an additional 866 shares during the period. Waldron Private Wealth LLC raised its position in Sony Group by 1.3% in the fourth quarter. Waldron Private Wealth LLC now owns 19,354 shares of the company’s stock worth $1,832,000 after acquiring an additional 242 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Sony Group by 12.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,113 shares of the company’s stock worth $10,711,000 after acquiring an additional 12,627 shares during the period. Finally, Simplicity Solutions LLC raised its position in Sony Group by 63.1% in the fourth quarter. Simplicity Solutions LLC now owns 9,341 shares of the company’s stock worth $884,000 after acquiring an additional 3,613 shares during the period. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sony Group Stock Performance

Shares of SONY traded up $0.66 during trading hours on Thursday, hitting $82.24. The company’s stock had a trading volume of 210,617 shares, compared to its average volume of 781,017. The company has a market cap of $101.50 billion, a price-to-earnings ratio of 15.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The business has a 50 day simple moving average of $87.36 and a two-hundred day simple moving average of $88.92. Sony Group Co. has a 52-week low of $79.62 and a 52-week high of $100.94.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping 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 net margin of 7.62% and a return on equity of 12.43%. On average, equities analysts expect that Sony Group Co. will post 5.21 earnings per share 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.