Whittier Trust Co. Sells 5,371 Shares of Sony Group Co. (NYSE:SONY)

Whittier Trust Co. cut its stake in shares of Sony Group Co. (NYSE:SONY) by 51.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the company’s stock after selling 5,371 shares during the period. Whittier Trust Co.’s holdings in Sony Group were worth $483,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mondrian Investment Partners LTD lifted its holdings in Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Sony Group by 1.2% in the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after acquiring an additional 18,487 shares during the period. Marshall Wace LLP grew its stake in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Sei Investments Co. increased its position in Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares during the period. Finally, Minneapolis Portfolio Management Group LLC raised its stake in Sony Group by 0.3% in the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 328,984 shares of the company’s stock worth $27,947,000 after purchasing an additional 921 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY opened at $17.51 on Thursday. The firm’s 50 day simple moving average is $8.86 and its 200 day simple moving average is $5.31. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 3.22 and a beta of 0.94. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.18.

Sony Group (NYSE:SONY) last issued its earnings results on Wednesday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The firm had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $17.42 billion. As a group, research analysts expect that Sony Group Co. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SONY shares. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen lowered their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.66.

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.