Sirius XM Holdings Inc. $SIRI Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Sirius XM Holdings Inc. by 4.2%, selling 54,457 shares and holding a total of 1,254,985 shares worth approximately $28.3 million.
• Sirius XM reported an EPS of $0.57 for the last quarter, missing the consensus estimate of $0.79, while revenues slightly increased to $2.14 billion.
• The company declared a quarterly dividend of $0.27, representing an annualized dividend of $1.08 with a yield of 4.6%.

Northern Trust Corp decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,254,985 shares of the company's stock after selling 54,457 shares during the quarter. Northern Trust Corp owned about 0.37% of Sirius XM worth $28,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SIRI. Berkshire Hathaway Inc raised its stake in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after purchasing an additional 12,313,544 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Sirius XM in the 4th quarter valued at about $22,398,000. LSV Asset Management grew its holdings in Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company's stock valued at $72,094,000 after buying an additional 937,500 shares during the period. Ensign Peak Advisors Inc purchased a new stake in Sirius XM in the 4th quarter valued at about $19,052,000. Finally, Ameriprise Financial Inc. grew its holdings in Sirius XM by 69.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,651,891 shares of the company's stock valued at $37,663,000 after buying an additional 675,924 shares during the period. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Up 1.8%

NASDAQ SIRI traded up $0.42 on Wednesday, reaching $23.53. The company had a trading volume of 2,755,529 shares, compared to its average volume of 4,405,371. The firm has a market capitalization of $7.92 billion, a PE ratio of -3.49, a P/E/G ratio of 0.36 and a beta of 0.95. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $31.40. The firm has a 50-day moving average of $23.05 and a 200-day moving average of $22.51. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41.

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 for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $0.80 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.6%. Sirius XM's dividend payout ratio (DPR) is -16.00%.

Analysts Set New Price Targets

SIRI has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, August 1st. Morgan Stanley boosted their target price on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company decreased their target price on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, August 1st. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Finally, Guggenheim reiterated a "buy" rating and set a $29.00 target price on shares of Sirius XM in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.18.

Sirius XM 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.