Cibc Bank USA decreased its position in shares of Motorola Solutions Inc (NYSE:MSI) by 9.6% in the 2nd quarter, HoldingsChannel reports. The fund 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 SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC increased its holdings in shares of Motorola Solutions by 78.9% during 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 in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $201,000. Greenwich Wealth Management LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $210,000. Cetera Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $220,000. Finally, Parthenon LLC bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $228,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.
Several equities research analysts have recently commented on the company. Citigroup boosted their price objective on Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. BTIG Research assumed coverage on Motorola Solutions in a report on Friday, March 16th. They set a “buy” rating and a $137.00 price objective for the company. BMO Capital Markets boosted their price objective on Motorola Solutions from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Finally, Northcoast Research set a $120.00 price objective on Motorola Solutions and gave the company a “buy” rating in a report on Wednesday, April 11th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $119.25.
Motorola Solutions traded down $0.55, hitting $115.96, during trading on Tuesday, MarketBeat Ratings reports. 21,436 shares of the company were exchanged, compared to its average volume of 1,071,981. Motorola Solutions Inc has a 52 week low of $82.86 and a 52 week high of $118.37. The company has a market capitalization of $18.87 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of -3.45.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. analysts predict that Motorola Solutions Inc will post 6.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, June 14th. This represents a $2.08 annualized dividend and a yield of 1.79%. Motorola Solutions’s dividend payout ratio (DPR) is currently 40.00%.
Motorola Solutions 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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