Integrated Investment Consultants LLC Boosts Stake in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Integrated Investment Consultants LLC raised its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,007 shares of the company’s stock after purchasing an additional 1,469 shares during the period. Integrated Investment Consultants LLC’s holdings in Sirius XM were worth $342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after buying an additional 58,993 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Sirius XM during the fourth quarter worth about $268,000. Janus Henderson Group PLC bought a new position in shares of Sirius XM during the third quarter worth about $2,367,000. Everence Capital Management Inc. bought a new position in shares of Sirius XM during the fourth quarter worth about $241,000. Finally, FMR LLC lifted its position in shares of Sirius XM by 472.6% during the third quarter. FMR LLC now owns 497,514 shares of the company’s stock worth $11,766,000 after purchasing an additional 410,621 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on SIRI shares. The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Citigroup increased their price target on shares of Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.58.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $22.27 on Friday. The firm’s 50 day moving average is $24.38 and its two-hundred day moving average is $27.74. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $55.40. The firm has a market capitalization of $7.55 billion, a P/E ratio of -3.51, a PEG ratio of 1.05 and a beta of 1.05. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.85%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

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.