Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) has earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.9167.
SIRI has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Barrington Research lifted their target price on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Morgan Stanley boosted their price target on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. UBS Group set a $30.00 price target on Sirius XM in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $32.00 price objective on shares of Sirius XM in a research report on Friday, August 7th.
Get Our Latest Stock Analysis on SIRI
Sirius XM Trading Down 0.0%
Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $0.57 EPS. Sirius XM’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Sirius XM will post 3.01 EPS for the current fiscal year.
Sirius XM Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. Sirius XM’s dividend payout ratio is 43.20%.
Insider Transactions at Sirius XM
In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of Sirius XM stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. The trade was a 47.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.27% of the company’s stock.
Hedge Funds Weigh In On Sirius XM
Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Sirius XM in the 2nd quarter worth $25,000. Aberdeen Wealth Management LLC purchased a new stake in Sirius XM during the second quarter valued at $26,000. Gables Capital Management Inc. purchased a new stake in Sirius XM during the second quarter valued at $32,000. Global Retirement Partners LLC bought a new position in Sirius XM in the second quarter valued at about $32,000. Finally, Sunbelt Securities Inc. lifted its holdings in Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after acquiring an additional 794 shares during the period. 10.69% of the stock is owned by institutional investors.
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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