Venturi Wealth Management LLC Grows Position in Sony Group Co. (NYSE:SONY)

Venturi Wealth Management LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 426.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,623 shares of the company’s stock after purchasing an additional 1,315 shares during the quarter. Venturi Wealth Management LLC’s holdings in Sony Group were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in shares of Sony Group by 398.2% in the 4th quarter. Truist Financial Corp now owns 426,754 shares of the company’s stock worth $9,030,000 after buying an additional 341,102 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Sony Group by 553.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 2,875 shares of the company’s stock worth $61,000 after purchasing an additional 2,435 shares in the last quarter. Raelipskie Partnership increased its stake in shares of Sony Group by 400.0% in the fourth quarter. Raelipskie Partnership now owns 58,140 shares of the company’s stock worth $1,230,000 after purchasing an additional 46,512 shares in the last quarter. Americana Partners LLC increased its stake in shares of Sony Group by 399.0% in the fourth quarter. Americana Partners LLC now owns 26,772 shares of the company’s stock worth $566,000 after purchasing an additional 21,407 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Sony Group in the fourth quarter worth about $55,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Up 1.1 %

Shares of NYSE SONY opened at $25.08 on Wednesday. The stock has a market capitalization of $151.65 billion, a P/E ratio of 20.35, a PEG ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $25.29. The firm’s 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $16.34.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

SONY has been the topic of several recent research reports. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus target price of $28.00.

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.