Motorola Solutions, Inc. (NYSE:MSI) Stake Cut by Bank of America Corp DE

Bank of America Corp DE cut its position in shares of Motorola Solutions, Inc. (NYSE:MSIGet Rating) by 26.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,455,049 shares of the communications equipment provider’s stock after selling 536,318 shares during the quarter. Bank of America Corp DE owned 0.87% of Motorola Solutions worth $352,413,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sfmg LLC grew its position in Motorola Solutions by 4.3% in the 1st quarter. Sfmg LLC now owns 1,049 shares of the communications equipment provider’s stock worth $254,000 after purchasing an additional 43 shares during the last quarter. JFS Wealth Advisors LLC grew its position in Motorola Solutions by 18.1% in the 1st quarter. JFS Wealth Advisors LLC now owns 313 shares of the communications equipment provider’s stock worth $76,000 after purchasing an additional 48 shares during the last quarter. Gilbert & Cook Inc. grew its position in Motorola Solutions by 4.8% in the 1st quarter. Gilbert & Cook Inc. now owns 1,100 shares of the communications equipment provider’s stock worth $266,000 after purchasing an additional 50 shares during the last quarter. Waldron Private Wealth LLC grew its position in Motorola Solutions by 3.3% in the 1st quarter. Waldron Private Wealth LLC now owns 1,562 shares of the communications equipment provider’s stock worth $379,000 after purchasing an additional 50 shares during the last quarter. Finally, Veritable L.P. grew its position in Motorola Solutions by 1.1% in the 1st quarter. Veritable L.P. now owns 4,711 shares of the communications equipment provider’s stock worth $1,141,000 after purchasing an additional 51 shares during the last quarter. 83.96% of the stock is currently owned by institutional investors.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.29, for a total value of $127,145.00. Following the completion of the sale, the senior vice president now owns 7,174 shares in the company, valued at approximately $1,824,276.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Motorola Solutions news, SVP Cynthia Yazdi sold 500 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.29, for a total value of $127,145.00. Following the completion of the sale, the senior vice president now owns 7,174 shares in the company, valued at approximately $1,824,276.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 69,229 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $255.80, for a total transaction of $17,708,778.20. Following the completion of the sale, the chief executive officer now owns 70,308 shares of the company’s stock, valued at approximately $17,984,786.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,377 shares of company stock worth $57,064,982. 1.85% of the stock is owned by corporate insiders.

Motorola Solutions Price Performance

MSI stock opened at $240.57 on Tuesday. Motorola Solutions, Inc. has a 12 month low of $195.18 and a 12 month high of $273.65. The firm has a market cap of $40.25 billion, a PE ratio of 34.39, a P/E/G ratio of 2.92 and a beta of 0.91. The firm has a 50 day simple moving average of $239.31 and a 200 day simple moving average of $226.92.

Motorola Solutions (NYSE:MSIGet Rating) last released its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 earnings per share. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 9.09 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a $0.79 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.31%. Motorola Solutions’s dividend payout ratio (DPR) is presently 45.60%.

Analyst Upgrades and Downgrades

MSI has been the subject of several recent analyst reports. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Barclays increased their price objective on shares of Motorola Solutions to $305.00 in a report on Tuesday, August 9th. Credit Suisse Group increased their price objective on shares of Motorola Solutions to $301.00 in a report on Tuesday, August 9th. Morgan Stanley cut shares of Motorola Solutions from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $240.00 to $260.00 in a report on Wednesday, September 14th. Finally, Cowen increased their price objective on shares of Motorola Solutions to $311.00 in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.33.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides mission critical communications and analytics 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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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