Secured Retirement Advisors LLC Has $1.56 Million Stake in Sony Corporation (NYSE:SONY)

Secured Retirement Advisors LLC reduced its stake in shares of Sony Corporation (NYSE:SONY) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,465 shares of the company’s stock after selling 1,865 shares during the quarter. Sony comprises about 1.0% of Secured Retirement Advisors LLC’s portfolio, making the stock its 25th biggest position. Secured Retirement Advisors LLC’s holdings in Sony were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SONY. Capital Analysts LLC boosted its stake in shares of Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. Accent Capital Management LLC lifted its holdings in Sony by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after buying an additional 1,104 shares during the period. City Holding Co. acquired a new position in Sony in the first quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC bought a new position in Sony in the first quarter valued at approximately $31,000. Finally, Operose Advisors LLC grew its holdings in Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company’s stock worth $32,000 after acquiring an additional 1,216 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research restated a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. The Goldman Sachs Group started coverage on Sony in a report on Tuesday, March 25th. They set a “buy” rating on the stock. Finally, Wall Street Zen cut Sony from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Stock Performance

Shares of Sony stock opened at $24.42 on Friday. The stock’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $24.00. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $147.68 billion, a PE ratio of 19.79, a PEG ratio of 11.74 and a beta of 0.94. Sony Corporation has a 12 month low of $15.96 and a 12 month high of $26.95.

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.