Trust Co. of Toledo NA OH Makes New Investment in Sony Corporation $SONY

Trust Co. of Toledo NA OH purchased a new stake in Sony Corporation (NYSE:SONY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,500 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony in the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new position in Sony in the 1st quarter valued at approximately $47,000. Financial Management Professionals Inc. raised its holdings in Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after buying an additional 889 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Sony in the 1st quarter valued at approximately $60,000. Finally, Opal Wealth Advisors LLC bought a new position in Sony in the 2nd quarter valued at approximately $69,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Stock Performance

Shares of SONY stock opened at $28.86 on Tuesday. The company has a market cap of $174.51 billion, a price-to-earnings ratio of 22.90 and a beta of 0.95. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.28. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $28.37 and a 200-day moving average of $26.11.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter last year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

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.