Phoenix Wealth Advisors Sells 198 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Phoenix Wealth Advisors cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,053 shares of the communications equipment provider’s stock after selling 198 shares during the period. Motorola Solutions comprises approximately 1.4% of Phoenix Wealth Advisors’ portfolio, making the stock its 20th biggest holding. Phoenix Wealth Advisors’ holdings in Motorola Solutions were worth $3,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd lifted its position in shares of Motorola Solutions by 5.8% during the second quarter. XTX Topco Ltd now owns 838 shares of the communications equipment provider’s stock worth $324,000 after acquiring an additional 46 shares in the last quarter. Sei Investments Co. raised its position in shares of Motorola Solutions by 12.2% in the second quarter. Sei Investments Co. now owns 68,760 shares of the communications equipment provider’s stock worth $26,545,000 after buying an additional 7,481 shares in the last quarter. Profund Advisors LLC raised its position in shares of Motorola Solutions by 7.1% in the second quarter. Profund Advisors LLC now owns 3,471 shares of the communications equipment provider’s stock worth $1,340,000 after buying an additional 230 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Motorola Solutions by 22,800.0% in the second quarter. Frank Rimerman Advisors LLC now owns 1,832 shares of the communications equipment provider’s stock worth $707,000 after buying an additional 1,824 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Motorola Solutions in the second quarter worth $522,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Up 0.6 %

NYSE MSI opened at $467.65 on Wednesday. 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 stock has a market capitalization of $78.15 billion, a PE ratio of 51.22, a PEG ratio of 3.42 and a beta of 1.01. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82. The business’s 50-day moving average is $475.98 and its 200 day moving average is $449.52.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. Sell-side analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a $1.09 dividend. The ex-dividend date was Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.93%. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Raymond James raised their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America raised their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions Profile

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.