Cibc Bank USA lowered its stake in Motorola Solutions Inc (NYSE:MSI) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,029 shares of the communications equipment provider’s stock after selling 744 shares during the period. Cibc Bank USA’s holdings in Motorola Solutions were worth $818,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MSI. Massey Quick Simon & CO. LLC grew its position in Motorola Solutions by 78.9% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,700 shares of the communications equipment provider’s stock valued at $179,000 after acquiring an additional 750 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter worth about $201,000. Greenwich Wealth Management LLC bought a new stake in shares of Motorola Solutions during the first quarter worth about $210,000. Cetera Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter worth about $220,000. Finally, Parthenon LLC bought a new stake in shares of Motorola Solutions during the first quarter worth about $228,000. Institutional investors own 85.23% of the company’s stock.
Shares of Motorola Solutions stock traded down $0.55 during midday trading on Tuesday, reaching $115.96. The company had a trading volume of 21,436 shares, compared to its average volume of 1,071,981. The company has a debt-to-equity ratio of -3.45, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a market cap of $18.87 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.22 and a beta of 0.31. Motorola Solutions Inc has a fifty-two week low of $82.86 and a fifty-two week high of $118.37.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 3rd. The communications equipment provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.22. Motorola Solutions had a negative return on equity of 73.43% and a negative net margin of 1.75%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. equities analysts anticipate that Motorola Solutions Inc will post 6.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
Several analysts have recently weighed in on MSI shares. Northcoast Research set a $120.00 price target on Motorola Solutions and gave the stock a “buy” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Citigroup lifted their price objective on Motorola Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. BTIG Research began coverage on Motorola Solutions in a research note on Friday, March 16th. They issued a “buy” rating and a $137.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $119.25.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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