First Command Advisory Services Inc. Makes New Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

First Command Advisory Services Inc. bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,300 shares of the company’s stock, valued at approximately $30,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted its stake in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after purchasing an additional 643 shares during the last quarter. Mill Creek Capital Advisors LLC lifted its stake in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock valued at $348,000 after purchasing an additional 837 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Sirius XM in the 4th quarter valued at about $26,000. Finally, Chicago Partners Investment Group LLC lifted its stake in Sirius XM by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after purchasing an additional 1,202 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI opened at $23.92 on Friday. The company’s 50 day simple moving average is $23.55 and its 200 day simple moving average is $25.63. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of -3.73, 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 current ratio of 0.42 and a quick ratio of 0.42. Sirius XM Holdings Inc. has a 1 year low of $20.47 and a 1 year high of $47.10.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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%. As a group, research analysts predict that Sirius XM Holdings Inc. will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.52%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. StockNews.com assumed coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Wells Fargo & Company cut their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, December 19th. Finally, Pivotal Research cut their price objective on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Six investment 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. According to MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average target price 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.