US Bancorp DE Has $330,000 Stock Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

US Bancorp DE trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,461 shares of the company’s stock after selling 5,487 shares during the quarter. US Bancorp DE’s holdings in Sirius XM were worth $330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the fourth quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. grew its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares during the period. Avior Wealth Management LLC grew its position in shares of Sirius XM by 670.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Sirius XM by 139.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,187 shares of the company’s stock worth $75,000 after buying an additional 1,858 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Trading Down 3.1 %

Shares of Sirius XM stock opened at $21.83 on Friday. Sirius XM Holdings Inc. has a 12-month low of $20.47 and a 12-month high of $41.60. The stock has a market cap of $7.40 billion, a P/E ratio of -3.41, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $23.66 and its 200-day moving average is $25.12.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Equities research analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Friday, February 7th. Sirius XM’s payout ratio is presently -16.85%.

Analyst Upgrades and Downgrades

SIRI has been the subject of several analyst reports. Barrington Research set a $28.00 target price on Sirius XM in a research report on Friday, January 31st. Guggenheim cut their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.81.

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.