Vanguard Group Inc. Has $366.32 Million Stock Holdings in Sirius XM Holdings Inc. $SIRI

Vanguard Group Inc. cut its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,320,515 shares of the company’s stock after selling 356,105 shares during the quarter. Vanguard Group Inc. owned approximately 0.05% of Sirius XM worth $366,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SIRI. Berkshire Hathaway Inc lifted its stake in Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after acquiring an additional 5,030,425 shares in the last quarter. Quantbot Technologies LP lifted its stake in Sirius XM by 66.3% in the 3rd quarter. Quantbot Technologies LP now owns 133,014 shares of the company’s stock valued at $3,096,000 after acquiring an additional 53,019 shares in the last quarter. Brighton Jones LLC bought a new stake in Sirius XM in the 4th quarter valued at approximately $622,000. SG Americas Securities LLC lifted its stake in Sirius XM by 292.5% in the 3rd quarter. SG Americas Securities LLC now owns 113,728 shares of the company’s stock valued at $2,647,000 after acquiring an additional 84,751 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Sirius XM in the 3rd quarter valued at approximately $1,223,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SIRI has been the topic of several research reports. UBS Group set a $24.00 target price on Sirius XM in a research note on Tuesday, February 10th. Citigroup restated a “sell” rating and issued a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday. Rosenblatt Securities upgraded Sirius XM from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $46.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Evercore set a $28.00 target price on Sirius XM in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.55.

Sirius XM Trading Up 1.1%

Shares of Sirius XM stock opened at $26.68 on Thursday. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $28.77. The stock has a market cap of $8.98 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.57 and a beta of 0.94. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $23.70 and its 200-day moving average is $22.04.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.0%. Sirius XM’s dividend payout ratio is currently 45.57%.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.