Sumitomo Mitsui Trust Group Inc. Trims Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,945 shares of the company’s stock after selling 26,794 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Sirius XM were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company’s stock valued at $5,340,000 after purchasing an additional 41,000 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after purchasing an additional 58,993 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $4,038,000. Miracle Mile Advisors LLC purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $268,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sirius XM by 383,152.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company’s stock valued at $3,146,000 after purchasing an additional 137,935 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $27.11 on Friday. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $49.40. The company has a market cap of $9.18 billion, a PE ratio of -4.23, a P/E/G ratio of 0.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The business has a 50-day simple moving average of $23.36 and a 200-day simple moving average of $26.11.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.17 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is -16.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating for the company. Pivotal Research dropped their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group dropped 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 note on Monday, November 4th. Bank of America reissued an “underperform” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Thursday, October 24th. Finally, Wells Fargo & Company dropped 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 note on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $26.96.

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.