Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Acquired by US Bancorp DE

US Bancorp DE increased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 62.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,481 shares of the company’s stock after purchasing an additional 9,020 shares during the quarter. US Bancorp DE’s holdings in Sirius XM were worth $529,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Berkshire Hathaway Inc raised its holdings in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company’s stock worth $2,678,283,000 after purchasing an additional 12,313,544 shares during the period. Seizert Capital Partners LLC grew its position in shares of Sirius XM by 0.5% in the first quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock valued at $51,429,000 after purchasing an additional 11,549 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Sirius XM by 43.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,068,251 shares of the company’s stock worth $47,156,000 after acquiring an additional 625,044 shares during the period. Ameriprise Financial Inc. grew its position in Sirius XM by 69.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,651,891 shares of the company’s stock worth $37,663,000 after acquiring an additional 675,924 shares during the period. Finally, Northern Trust Corp grew its position in Sirius XM by 5.8% in the fourth quarter. Northern Trust Corp now owns 1,309,442 shares of the company’s stock worth $29,855,000 after acquiring an additional 72,172 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

SIRI has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of Sirius XM in a research note on Friday, August 1st. Morgan Stanley increased their price objective on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company cut their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, August 1st. Guggenheim restated a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research note on Thursday, June 26th. Finally, Rosenblatt Securities raised their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.18.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $20.97 on Tuesday. The company has a 50-day moving average price of $22.71 and a 200 day moving average price of $22.69. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $36.40. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.06 billion, a P/E ratio of -3.11, a PEG ratio of 0.33 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. Sirius XM’s revenue was down 1.8% on a year-over-year basis. Research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, August 8th. Sirius XM’s payout ratio is currently -16.00%.

Insider Activity

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director directly owned 15,471 shares of the company’s stock, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is owned by corporate insiders.

Sirius XM Company Profile

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.