TD Private Client Wealth LLC Purchases New Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

TD Private Client Wealth LLC purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 15,683 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SIRI. Coston McIsaac & Partners increased its holdings in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after buying an additional 624 shares during the last quarter. TCTC Holdings LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at about $29,000. Princeton Global Asset Management LLC increased its stake in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. Trium Capital LLP bought a new stake in shares of Sirius XM in the 3rd quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Sirius XM in the 3rd quarter valued at about $51,000. Institutional investors own 10.69% of the company’s stock.

Insider Transactions at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc acquired 175,569 shares of Sirius XM stock in a transaction on Friday, October 18th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $3,024,892,349.70. This represents a 0.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have purchased 2,646,761 shares of company stock valued at $65,952,329. 0.79% of the stock is owned by corporate insiders.

Sirius XM Trading Down 2.8 %

Shares of SIRI stock opened at $24.11 on Friday. The stock has a market cap of $8.18 billion, a P/E ratio of -3.80 and a beta of 1.03. Sirius XM Holdings Inc. has a 1 year low of $22.18 and a 1 year high of $57.80. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a 50 day simple moving average of $26.35 and a 200 day simple moving average of $28.56.

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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM’s dividend payout ratio is presently -17.03%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Pivotal Research lowered their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Bank of America reissued an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a report on Thursday, October 24th. Citigroup raised their price target on Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a report on Thursday, September 26th. Morgan Stanley reiterated an “underweight” rating and issued a $23.00 price objective on shares of Sirius XM in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Six 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.27.

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.