Mitsubishi UFJ Trust & Banking Corp Sells 1,406 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,256 shares of the company’s stock after selling 1,406 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sirius XM were worth $1,032,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM in the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in shares of Sirius XM in the fourth quarter worth $30,000. Geneos Wealth Management Inc. raised its position in shares of Sirius XM by 574.9% in the fourth 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 in the last quarter. Gables Capital Management Inc. bought a new stake in Sirius XM during the fourth quarter valued at $43,000. Finally, Avior Wealth Management LLC grew its position in Sirius XM by 670.4% during the fourth 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 in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $21.96 on Wednesday. The firm’s 50 day simple moving average is $23.98 and its two-hundred day simple moving average is $24.48. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $7.44 billion, a P/E ratio of -3.43, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $41.60.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SIRI shares. Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Guggenheim cut their target price on shares of 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 lowered their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Finally, Barrington Research set a $28.00 price target on Sirius XM in a research note on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.