Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) major shareholder Berkshire Hathaway Inc acquired 175,569 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $27.43 per share, for a total transaction of $4,815,857.67. Following the completion of the purchase, the insider now directly owns 110,276,790 shares in the company, valued at $3,024,892,349.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Berkshire Hathaway Inc also recently made the following trade(s):
- On Wednesday, October 16th, Berkshire Hathaway Inc bought 342,133 shares of Sirius XM stock. The stock was acquired at an average price of $26.99 per share, with a total value of $9,234,169.67.
- On Friday, October 11th, Berkshire Hathaway Inc bought 1,259,259 shares of Sirius XM stock. The stock was acquired at an average price of $24.95 per share, for a total transaction of $31,418,512.05.
- On Wednesday, October 9th, Berkshire Hathaway Inc acquired 869,800 shares of Sirius XM stock. The shares were acquired at an average cost of $23.55 per share, with a total value of $20,483,790.00.
Sirius XM Stock Performance
Shares of NASDAQ:SIRI opened at $27.61 on Friday. The firm has a market capitalization of $106.21 billion, a P/E ratio of 83.67, a P/E/G ratio of 0.73 and a beta of 1.07. The stock has a 50 day moving average price of $27.27 and a 200-day moving average price of $29.87. Sirius XM Holdings Inc. has a 52-week low of $22.18 and a 52-week high of $57.80.
Sirius XM Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a dividend of $0.266 per share. The ex-dividend date was Friday, August 9th. This is an increase from Sirius XM’s previous quarterly dividend of $0.03. This represents a $1.06 annualized dividend and a dividend yield of 3.85%. Sirius XM’s dividend payout ratio (DPR) is presently 321.21%.
Hedge Funds Weigh In On Sirius XM
A number of hedge funds have recently bought and sold shares of SIRI. Vanguard Group Inc. grew its holdings in shares of Sirius XM by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock valued at $299,111,000 after buying an additional 363,551 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sirius XM in the 2nd quarter worth $12,858,000. Dimensional Fund Advisors LP raised its stake in shares of Sirius XM by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,333,792 shares of the company’s stock worth $12,260,000 after purchasing an additional 353,860 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Sirius XM by 14.5% during the second quarter. AQR Capital Management LLC now owns 3,866,444 shares of the company’s stock valued at $10,807,000 after purchasing an additional 490,761 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Sirius XM by 25.8% during the first quarter. ProShare Advisors LLC now owns 3,747,881 shares of the company’s stock valued at $14,542,000 after purchasing an additional 768,570 shares during the period. Institutional investors own 10.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on SIRI. Deutsche Bank Aktiengesellschaft reduced their price objective on Sirius XM from $37.50 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. StockNews.com started coverage on shares of Sirius XM in a research note on Saturday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group cut their price target on shares of Sirius XM from $32.50 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, September 17th. Citigroup lifted their price objective on Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a report on Thursday, September 26th. Finally, Rosenblatt Securities increased their price objective on Sirius XM from $3.40 to $28.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Sirius XM currently has a consensus rating of “Hold” and an average price target of $31.25.
Get Our Latest Stock Report on SIRI
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.
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