Sirius XM Holdings Inc. $SIRI Shares Sold by Cwm LLC

Key Points

• Cwm LLC cut its stake in Sirius XM by 65.1%, selling 77,482 shares in Q4 and leaving the firm with 41,612 shares worth about $832,000.
• Sirius XM declared a quarterly dividend of $0.27 (annualized $1.08), yielding about 4.1%, payable May 27 with an ex-dividend/record date of May 11.
• Analyst sentiment is mixed — four Buys, three Holds and three Sells — giving an average rating of "Hold" and an average target price of $27.44, though some firms have targets as high as $46.00.

Cwm LLC cut its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 65.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,612 shares of the company's stock after selling 77,482 shares during the period. Cwm LLC's holdings in Sirius XM were worth $832,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after acquiring an additional 493 shares during the period. Arizona State Retirement System raised its position in Sirius XM by 1.1% during the third quarter. Arizona State Retirement System now owns 59,982 shares of the company's stock worth $1,396,000 after acquiring an additional 663 shares during the period. Clearstead Advisors LLC raised its position in Sirius XM by 1.6% during the third quarter. Clearstead Advisors LLC now owns 41,754 shares of the company's stock worth $972,000 after acquiring an additional 677 shares during the period. Arkadios Wealth Advisors raised its position in Sirius XM by 4.0% during the third quarter. Arkadios Wealth Advisors now owns 19,161 shares of the company's stock worth $446,000 after acquiring an additional 744 shares during the period. Finally, Focus Partners Wealth raised its position in Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company's stock worth $367,000 after acquiring an additional 800 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on SIRI shares. Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. Moffett Nathanson started coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a "neutral" rating and a $21.00 price objective for the company. Weiss Ratings cut shares of Sirius XM from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, February 6th. Rosenblatt Securities upgraded shares of Sirius XM from a "neutral" rating to a "buy" rating and increased their target price for the company from $24.00 to $46.00 in a research report on Thursday, April 23rd. Finally, UBS Group set a $24.00 target price on shares of Sirius XM in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.44.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $26.24 on Wednesday. The firm has a 50-day simple moving average of $23.24 and a 200-day simple moving average of $21.90. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. Sirius XM Holdings Inc. has a 52 week low of $19.41 and a 52 week high of $28.77.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.1%. Sirius XM's dividend payout ratio (DPR) is 48.21%.

About Sirius XM

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.

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