Tweedy Browne Co LLC Acquires New Shares in Sirius XM Holdings Inc. $SIRI

Key Points

• Tweedy Browne Co LLC has acquired 12,560 new shares of Sirius XM Holdings Inc. valued at approximately $289,000 during the second quarter.
• Several large investors have significantly boosted their stakes in Sirius XM, with Golden State Wealth Management LLC increasing its holding by 3,263.3% in the first quarter.
• Sirius XM recently declared a $0.27 quarterly dividend, representing an annual yield of 5.1%, despite reporting a EPS miss in their latest quarterly earnings.

Tweedy Browne Co LLC acquired a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,560 shares of the company's stock, valued at approximately $289,000.

Other large investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators boosted its stake in Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after buying an additional 705 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after buying an additional 493 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Sirius XM by 3,263.3% in the first quarter. Golden State Wealth Management LLC now owns 2,018 shares of the company's stock valued at $46,000 after buying an additional 1,958 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in Sirius XM in the first quarter valued at about $52,000. Finally, State of Wyoming acquired a new stake in Sirius XM in the first quarter valued at about $62,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SIRI has been the topic of several research analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Sirius XM in a research note on Thursday, June 26th. Rosenblatt Securities lifted their price target on Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Morgan Stanley lifted their price target on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company cut their price target on Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Finally, Zacks Research raised Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.89.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $21.32 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The company has a 50 day simple moving average of $22.84 and a two-hundred day simple moving average of $22.30. The company has a market capitalization of $7.18 billion, a PE ratio of -3.16, a P/E/G ratio of 0.33 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. Research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is presently -16.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.