Sound View Wealth Advisors Group LLC Sells 508 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sound View Wealth Advisors Group LLC lessened its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,701 shares of the company’s stock after selling 508 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Sirius XM were worth $381,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SIRI. PNC Financial Services Group Inc. increased its stake in shares of Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after buying an additional 643 shares during the period. Proficio Capital Partners LLC grew its stake in Sirius XM by 5.9% in the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after buying an additional 791 shares in the last quarter. Mill Creek Capital Advisors LLC raised its holdings in Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after acquiring an additional 837 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Seaport Res Ptn cut Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Stock Down 3.3 %

Shares of NASDAQ:SIRI opened at $24.39 on Tuesday. The firm has a market capitalization of $8.26 billion, a PE ratio of -3.80, a price-to-earnings-growth ratio of 0.79 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. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $42.20. The firm has a fifty day moving average of $23.67 and a 200 day moving average of $25.23.

Sirius XM (NASDAQ:SIRI) last posted 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%. As a group, research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

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.