BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Holdings in Motorola Solutions Inc (MSI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,588 shares of the communications equipment provider’s stock after selling 7,204 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Motorola Solutions were worth $7,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Global Financial Private Capital LLC lifted its position in Motorola Solutions by 12.1% during the 2nd quarter. Global Financial Private Capital LLC now owns 4,154 shares of the communications equipment provider’s stock valued at $483,000 after purchasing an additional 450 shares during the period. Envestnet Asset Management Inc. lifted its position in Motorola Solutions by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,257 shares of the communications equipment provider’s stock valued at $4,568,000 after purchasing an additional 474 shares during the period. US Bancorp DE lifted its position in Motorola Solutions by 2.2% during the 2nd quarter. US Bancorp DE now owns 23,462 shares of the communications equipment provider’s stock valued at $2,730,000 after purchasing an additional 497 shares during the period. E&G Advisors LP lifted its position in Motorola Solutions by 15.6% during the 3rd quarter. E&G Advisors LP now owns 3,700 shares of the communications equipment provider’s stock valued at $482,000 after purchasing an additional 500 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Motorola Solutions by 18.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,360 shares of the communications equipment provider’s stock valued at $437,000 after purchasing an additional 519 shares during the period. Institutional investors own 85.77% of the company’s stock.

In related news, SVP Rajan Naik sold 14,606 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the completion of the sale, the senior vice president now directly owns 10,544 shares of the company’s stock, valued at approximately $1,339,088. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Cynthia Yazdi sold 735 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $124.70, for a total value of $91,654.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,902 shares of company stock valued at $107,111,734. 2.20% of the stock is owned by company insiders.

Shares of NYSE:MSI opened at $127.53 on Friday. The company 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 Inc has a fifty-two week low of $89.18 and a fifty-two week high of $133.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.22. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. Motorola Solutions’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. Research analysts predict that Motorola Solutions Inc will post 6.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.79%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, December 13th. Motorola Solutions’s dividend payout ratio is presently 40.00%.

MSI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Monday, November 26th. Raymond James set a $136.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Monday, December 3rd. Laurentian reiterated a “hold” rating and issued a $28.50 price target on shares of Motorola Solutions in a research report on Monday, November 26th. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a research report on Friday, November 2nd. Finally, BMO Capital Markets increased their price target on shares of Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. One research 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. The company presently has an average rating of “Buy” and a consensus price target of $128.68.

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About Motorola Solutions

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

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