Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by S&CO Inc.

Key Points

• S&CO Inc. reduced its stake in Sirius XM Holdings Inc. by 1.8%, owning 766,373 shares worth approximately $17.3 million.
• Berkshire Hathaway significantly increased its holdings in Sirius XM by 11.7%, now owning over 117 million shares valued at approximately $2.68 billion.
• Sirius XM recently announced a quarterly dividend of $0.27 per share, with a yield of 4.61%, scheduled for payment on August 27th.

S&CO Inc. decreased its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,373 shares of the company's stock after selling 13,897 shares during the period. Sirius XM comprises 1.2% of S&CO Inc.'s investment portfolio, making the stock its 22nd biggest position. S&CO Inc. owned approximately 0.23% of Sirius XM worth $17,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in Sirius XM by 408,076.9% during the 1st quarter. Federated Hermes Inc. now owns 53,063 shares of the company's stock worth $1,196,000 after acquiring an additional 53,050 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Sirius XM during the 1st quarter worth about $138,000. Richards Merrill & Peterson Inc. purchased a new stake in Sirius XM during the 1st quarter worth about $52,000. LPL Financial LLC increased its holdings in Sirius XM by 83.7% during the 1st quarter. LPL Financial LLC now owns 190,991 shares of the company's stock worth $4,306,000 after purchasing an additional 87,031 shares during the period. Finally, Integrated Investment Consultants LLC increased its holdings in Sirius XM by 6.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 16,036 shares of the company's stock worth $362,000 after purchasing an additional 1,029 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.

Insider Buying and Selling at Sirius XM

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 stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the transaction, the director directly owned 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

SIRI has been the topic of several recent research reports. Morgan Stanley upped their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Guggenheim restated a "buy" rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research restated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday. Rosenblatt Securities cut their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Sirius XM presently has a consensus rating of "Hold" and an average target price of $26.42.

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.06 during mid-day trading on Friday, reaching $21.18. 9,038,054 shares of the stock were exchanged, compared to its average volume of 4,444,895. The company has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $22.71. The stock has a market capitalization of $7.16 billion, a P/E ratio of -3.25, a P/E/G ratio of 0.33 and a beta of 0.92. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $36.40.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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). The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is -16.56%.

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.