BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stake in Motorola Solutions Inc (MSI)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,588 shares of the communications equipment provider’s stock after selling 7,204 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Motorola Solutions were worth $7,885,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Motorola Solutions by 4.4% during the 3rd quarter. BlackRock Inc. now owns 18,540,588 shares of the communications equipment provider’s stock worth $2,412,874,000 after acquiring an additional 780,270 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Motorola Solutions by 16.4% in the second quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after buying an additional 596,941 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Motorola Solutions by 171.3% in the second quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after buying an additional 1,584,672 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Motorola Solutions by 6.9% in the second quarter. Artisan Partners Limited Partnership now owns 2,044,591 shares of the communications equipment provider’s stock valued at $237,929,000 after buying an additional 132,180 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in shares of Motorola Solutions by 48.2% in the third quarter. Ceredex Value Advisors LLC now owns 992,562 shares of the communications equipment provider’s stock valued at $129,672,000 after buying an additional 322,712 shares in the last quarter. 85.77% of the stock is owned by institutional investors.
In other Motorola Solutions news, CEO Cynthia Yazdi sold 735 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $124.70, for a total transaction of $91,654.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gino A. Bonanotte sold 23,201 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.97, for a total value of $2,922,629.97. Following the sale, the chief financial officer now directly owns 41,019 shares of the company’s stock, valued at approximately $5,167,163.43. The disclosure for this sale can be found here. Insiders have sold a total of 849,902 shares of company stock valued at $107,111,734 in the last ninety days. Insiders own 2.20% of the company’s stock.
NYSE:MSI opened at $127.53 on Friday. Motorola Solutions Inc has a 1-year low of $89.18 and a 1-year high of $133.97. The firm has a market capitalization of $21.27 billion, a P/E ratio of 24.53, a PEG ratio of 1.98 and a beta of 0.46.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts anticipate that Motorola Solutions Inc will post 6.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.57 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, December 13th. This represents a $2.28 annualized dividend and a yield of 1.79%. Motorola Solutions’s dividend payout ratio (DPR) is currently 40.00%.
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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.
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