Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by Berkshire Hathaway Inc

Berkshire Hathaway Inc grew its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,468,573 shares of the company's stock after buying an additional 12,313,544 shares during the quarter. Sirius XM accounts for about 1.0% of Berkshire Hathaway Inc's investment portfolio, making the stock its 13th biggest holding. Berkshire Hathaway Inc owned about 34.68% of Sirius XM worth $2,678,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Xponance Inc. raised its position in Sirius XM by 4.5% in the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock valued at $281,000 after buying an additional 527 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sirius XM by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock valued at $339,000 after purchasing an additional 630 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock valued at $358,000 after acquiring an additional 643 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Sirius XM by 5.9% in the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after purchasing an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its stake in Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company's stock valued at $348,000 after purchasing an additional 837 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Price Performance

SIRI traded up $0.15 on Friday, reaching $21.60. 2,086,859 shares of the company's stock were exchanged, compared to its average volume of 5,079,458. Sirius XM Holdings Inc. has a twelve month low of $18.69 and a twelve month high of $41.60. The stock has a market cap of $7.30 billion, a PE ratio of -3.37, a P/E/G ratio of 0.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock's fifty day moving average price is $21.79 and its 200-day moving average price is $23.70.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the previous year, the firm posted $0.07 EPS. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.00%. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on SIRI. Rosenblatt Securities cut their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Guggenheim cut their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Barrington Research reissued an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.65.

About Sirius XM

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.