Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) insider Scott Andrew Greenstein sold 1,447,238 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $3.16, for a total transaction of $4,573,272.08. Following the completion of the transaction, the insider now directly owns 989,331 shares of the company’s stock, valued at approximately $3,126,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sirius XM Trading Down 0.6 %
SIRI opened at $3.14 on Monday. Sirius XM Holdings Inc. has a 1-year low of $2.45 and a 1-year high of $5.78. The firm has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.59. The stock has a market capitalization of $12.08 billion, a PE ratio of 9.52, a PEG ratio of 1.06 and a beta of 1.08.
Sirius XM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is presently 30.30%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research firms have recently weighed in on SIRI. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and lowered their price objective for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and lowered their price target for the company from $3.50 to $3.25 in a research report on Wednesday, May 1st. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sirius XM from $3.75 to $3.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued 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 $3.80.
View Our Latest Research Report on Sirius XM
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.
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