Guardian Wealth Management Inc. Invests $686,000 in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Guardian Wealth Management Inc. acquired a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,991 shares of the company’s stock, valued at approximately $686,000.

Other large investors also recently bought and sold shares of the company. Savant Capital LLC purchased a new stake in shares of Sirius XM during the second quarter valued at about $613,000. Cetera Advisors LLC lifted its position in Sirius XM by 102.8% during the first quarter. Cetera Advisors LLC now owns 36,295 shares of the company’s stock valued at $141,000 after acquiring an additional 18,401 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Sirius XM in the second quarter valued at approximately $59,000. Strategic Financial Concepts LLC purchased a new position in Sirius XM in the second quarter worth $36,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of Sirius XM during the second quarter worth $159,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

NASDAQ SIRI opened at $28.31 on Monday. The company has a fifty day moving average of $26.10 and a 200 day moving average of $28.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Sirius XM Holdings Inc. has a 1 year low of $22.18 and a 1 year high of $57.80.

Sirius XM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a $0.27 dividend. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.81%. Sirius XM’s dividend payout ratio is presently -17.03%.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 175,569 shares of the business’s stock in a transaction on Friday, October 18th. The stock was bought at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the acquisition, the insider now owns 110,276,790 shares of the company’s stock, valued at approximately $3,024,892,349.70. This represents a 0.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 2,646,761 shares of company stock valued at $65,952,329 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SIRI shares. Pivotal Research lowered their price objective on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Citigroup boosted their price target on Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, September 26th. Benchmark reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a research report on Tuesday, October 15th. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Sirius XM in a research report on Monday, November 4th. Finally, The Goldman Sachs Group cut 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. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.96.

Sirius XM Company 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.