Whittier Trust Co. Decreases Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Whittier Trust Co. cut its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,567 shares of the company’s stock after selling 670 shares during the period. Whittier Trust Co.’s holdings in Sirius XM were worth $332,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blueshift Asset Management LLC grew its stake in shares of Sirius XM by 30.0% in the fourth quarter. Blueshift Asset Management LLC now owns 13,820 shares of the company’s stock worth $315,000 after acquiring an additional 3,193 shares during the period. Xponance Inc. grew its stake in shares of Sirius XM by 4.5% in the fourth quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after acquiring an additional 527 shares during the period. Boston Partners grew its stake in shares of Sirius XM by 32.5% in the fourth quarter. Boston Partners now owns 33,620 shares of the company’s stock worth $767,000 after acquiring an additional 8,239 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Sirius XM by 75.8% in the fourth quarter. Advisors Asset Management Inc. now owns 148,400 shares of the company’s stock worth $3,384,000 after acquiring an additional 64,001 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Sirius XM by 8.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 74,971 shares of the company’s stock worth $1,709,000 after acquiring an additional 5,765 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $23.47 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60. The company has a market capitalization of $7.95 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.79 and a beta of 1.06. The firm’s 50 day simple moving average is $23.76 and its two-hundred day simple moving average is $24.66.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Research analysts expect that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SIRI. Guggenheim reduced their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Rosenblatt Securities cut their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company cut their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.81.

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.