Peterson Wealth Services Cuts Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Peterson Wealth Services decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 7,295 shares of the communications equipment provider’s stock after selling 598 shares during the quarter. Motorola Solutions accounts for approximately 1.0% of Peterson Wealth Services’ investment portfolio, making the stock its 27th largest holding. Peterson Wealth Services’ holdings in Motorola Solutions were worth $3,372,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of Motorola Solutions by 5,403.9% during the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after purchasing an additional 35,071 shares in the last quarter. Versor Investments LP purchased a new position in shares of Motorola Solutions during the third quarter valued at about $449,000. Groupama Asset Managment grew its position in shares of Motorola Solutions by 8.6% during the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after purchasing an additional 46,731 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after purchasing an additional 32,157 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Motorola Solutions in the 3rd quarter valued at about $33,423,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.3 %

Shares of NYSE MSI opened at $480.65 on Tuesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The company has a market cap of $80.33 billion, a P/E ratio of 52.65, a PEG ratio of 3.54 and a beta of 1.02. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82. The firm has a 50-day simple moving average of $470.40 and a two-hundred day simple moving average of $456.91.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.91%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MSI shares. Raymond James increased their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their price target on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America increased their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $504.88.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.