Bp Plc Holds Position in Motorola Solutions, Inc. (NYSE:MSI)
Bp Plc continued to hold its stake in Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, Holdings Channel reports. The institutional investor owned 21,000 shares of the communications equipment provider’s stock at the end of the second quarter. Bp Plc’s holdings in Motorola Solutions were worth $1,821,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Iat Reinsurance Co. LTD. purchased a new stake in Motorola Solutions during the first quarter valued at about $123,000. Mckinley Capital Management LLC Delaware purchased a new stake in Motorola Solutions during the first quarter valued at about $135,000. Exane Derivatives raised its stake in Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares in the last quarter. Smithfield Trust Co. raised its stake in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 502 shares in the last quarter. 87.27% of the stock is owned by institutional investors.
Motorola Solutions, Inc. (NYSE:MSI) opened at 87.48 on Friday. Motorola Solutions, Inc. has a 52-week low of $71.24 and a 52-week high of $93.75. The company has a market capitalization of $14.23 billion, a P/E ratio of 23.07 and a beta of 0.32. The stock’s 50 day moving average price is $88.93 and its 200-day moving average price is $84.60.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Analysts predict that Motorola Solutions, Inc. will post $5.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is presently 49.60%.
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Several research firms recently issued reports on MSI. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. UBS AG upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating in a research note on Monday, May 22nd. Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $62.76 to $95.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG upped their price target on Motorola Solutions from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $94.33.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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