Motorola Solutions Inc (MSI) Shares Bought by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp boosted its position in Motorola Solutions Inc (NYSE:MSI) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the communications equipment provider’s stock after purchasing an additional 489 shares during the period. MUFG Americas Holdings Corp’s holdings in Motorola Solutions were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Motorola Solutions by 22.1% during the third quarter. Pacer Advisors Inc. now owns 9,094 shares of the communications equipment provider’s stock worth $1,183,000 after purchasing an additional 1,646 shares during the last quarter. Cleararc Capital Inc. boosted its holdings in shares of Motorola Solutions by 400.7% during the third quarter. Cleararc Capital Inc. now owns 23,533 shares of the communications equipment provider’s stock worth $3,063,000 after purchasing an additional 18,833 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Motorola Solutions by 16.1% during the third quarter. Fifth Third Bancorp now owns 35,269 shares of the communications equipment provider’s stock worth $4,590,000 after purchasing an additional 4,899 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Motorola Solutions by 10.8% during the third quarter. Mutual of America Capital Management LLC now owns 23,167 shares of the communications equipment provider’s stock worth $3,015,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Kepos Capital LP boosted its holdings in Motorola Solutions by 769.1% in the third quarter. Kepos Capital LP now owns 55,239 shares of the communications equipment provider’s stock valued at $7,189,000 after acquiring an additional 48,883 shares during the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Motorola Solutions stock opened at $126.65 on Friday. Motorola Solutions Inc has a twelve month low of $89.18 and a twelve month high of $133.97. The firm has a market capitalization of $20.71 billion, a P/E ratio of 24.36, a PEG ratio of 1.93 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions Inc will post 6.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.80%. Motorola Solutions’s dividend payout ratio (DPR) is 43.85%.

In other Motorola Solutions news, CAO Daniel G. Pekofske sold 3,132 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $123.12, for a total value of $385,611.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rajan Naik sold 14,606 shares of the firm’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the transaction, the senior vice president now directly owns 10,544 shares in the company, valued at $1,339,088. The disclosure for this sale can be found here. Insiders sold 303,051 shares of company stock worth $38,064,089 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on MSI. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Monday, November 26th. Raymond James set a $136.00 target price on Motorola Solutions and gave the company a “buy” rating in a report on Monday, December 3rd. Laurentian reiterated a “hold” rating and issued a $28.50 target price on shares of Motorola Solutions in a report on Monday, November 26th. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a report on Friday, November 2nd. Finally, BMO Capital Markets lifted their target price on Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus price target of $128.68.

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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.

See Also: How can investors find ex-dividend dates?

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

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