Wilmington Savings Fund Society FSB acquired a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 232,086 shares of the company's stock, valued at approximately $5,489,000. Wilmington Savings Fund Society FSB owned approximately 0.07% of Sirius XM at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners grew its position in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the third quarter valued at approximately $29,000. Princeton Global Asset Management LLC increased its position in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Sirius XM in the 2nd quarter worth approximately $35,000. Finally, Riverview Capital Advisers LLC bought a new position in Sirius XM in the 2nd quarter valued at approximately $35,000. Institutional investors own 10.69% of the company's stock.
Sirius XM Trading Down 3.1 %
NASDAQ:SIRI traded down $0.78 during midday trading on Friday, hitting $24.03. 3,580,901 shares of the company traded hands, compared to its average volume of 3,652,492. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm's fifty day moving average is $26.32 and its 200-day moving average is $28.58. The firm has a market capitalization of $8.15 billion, a P/E ratio of -3.84 and a beta of 1.03. Sirius XM Holdings Inc. has a 12-month low of $22.18 and a 12-month high of $57.80.
Sirius XM Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a $0.27 dividend. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM's dividend payout ratio is -17.03%.
Wall Street Analysts Forecast Growth
SIRI has been the subject of several recent analyst reports. Barrington Research decreased their price target on Sirius XM from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price target on Sirius XM from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Pivotal Research lowered their target price on Sirius XM from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Citigroup raised their target price on Sirius XM from $2.80 to $21.00 and gave the stock a "sell" rating in a research report on Thursday, September 26th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $23.00 price target on shares of Sirius XM in a research report on Tuesday, September 24th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.27.
Read Our Latest Research Report on Sirius XM
Insider Buying and Selling
In related news, major shareholder Berkshire Hathaway Inc bought 1,259,259 shares of the company's stock in a transaction on Friday, October 11th. The shares were acquired at an average cost of $24.95 per share, for a total transaction of $31,418,512.05. Following the purchase, the insider now directly owns 108,719,088 shares of the company's stock, valued at approximately $2,712,541,245.60. The trade was a 1.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 2,646,761 shares of company stock valued at $65,952,329 in the last ninety days. 0.79% of the stock is owned by company insiders.
Sirius XM Profile
(
Free Report)
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
Featured Articles
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
