CreativeOne Wealth LLC Sells 612 Shares of Motorola Solutions, Inc. $MSI

CreativeOne Wealth LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 40.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 902 shares of the communications equipment provider’s stock after selling 612 shares during the quarter. CreativeOne Wealth LLC’s holdings in Motorola Solutions were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSI. Vanguard Group Inc. increased its stake in Motorola Solutions by 1.8% in the second quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Motorola Solutions by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock valued at $1,839,569,000 after purchasing an additional 51,474 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Motorola Solutions by 2.0% in the 1st quarter. Raymond James Financial Inc. now owns 3,374,532 shares of the communications equipment provider’s stock valued at $1,477,404,000 after purchasing an additional 66,766 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Motorola Solutions by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,921,004 shares of the communications equipment provider’s stock valued at $1,278,845,000 after purchasing an additional 47,368 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider’s stock worth $894,846,000 after buying an additional 50,891 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $369.68 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73. Motorola Solutions, Inc. has a 52 week low of $365.40 and a 52 week high of $503.62. The firm has a market cap of $61.57 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The firm’s fifty day moving average is $421.86 and its 200-day moving average is $431.93.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $3.74 EPS. Motorola Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MSI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Motorola Solutions in a research report on Monday, November 24th. Piper Sandler restated a “neutral” rating and issued a $465.00 target price (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. UBS Group boosted their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Barclays dropped their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Evercore ISI boosted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $502.50.

Insider Buying and Selling at Motorola Solutions

In other news, SVP James A. Niewiara sold 1,700 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president directly owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the transaction, the senior vice president directly owned 10,244 shares of the company’s stock, valued at $4,860,265.80. This represents a 43.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 85,614 shares of company stock valued at $41,278,417. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Company 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.