Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. reduced its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 664,837 shares of the company’s stock after selling 15,709 shares during the period. Sirius XM accounts for approximately 1.6% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 22nd biggest position. Penn Davis Mcfarland Inc.’s holdings in Sirius XM were worth $15,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coston McIsaac & Partners boosted its stake in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new stake in shares of Sirius XM in the third quarter valued at $29,000. Princeton Global Asset Management LLC boosted its stake in Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in Sirius XM during the second quarter worth about $47,000. Finally, Trium Capital LLP bought a new stake in Sirius XM in the third quarter worth about $50,000. 10.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SIRI. Morgan Stanley restated an “underweight” rating and set a $23.00 price objective on shares of Sirius XM in a research report on Tuesday, September 24th. The Goldman Sachs Group decreased 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. Wells Fargo & Company reduced their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. StockNews.com initiated coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Bank of America reiterated an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.58.

Sirius XM Trading Up 1.6 %

NASDAQ:SIRI opened at $22.27 on Monday. The stock’s 50-day moving average is $24.38 and its two-hundred day moving average is $27.72. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $7.55 billion, a PE ratio of -3.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $55.40.

Sirius XM Increases Dividend

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

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.