Motorola Solutions, Inc. (MSI) Shares Sold by Telemus Capital LLC
Telemus Capital LLC cut its position in Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 3,185 shares of the communications equipment provider’s stock after selling 99 shares during the period. Telemus Capital LLC’s holdings in Motorola Solutions were worth $276,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions during the first quarter worth $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions during the first quarter worth $135,000. Exane Derivatives increased its position in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in shares of 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 worth $184,000 after buying an additional 502 shares during the last quarter. Finally, SOL Capital Management CO acquired a new position in shares of Motorola Solutions during the first quarter worth $203,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Motorola Solutions, Inc. (NYSE MSI) opened at 89.20 on Tuesday. The stock has a market cap of $14.58 billion, a P/E ratio of 24.66 and a beta of 0.32. Motorola Solutions, Inc. has a 1-year low of $69.81 and a 1-year high of $92.67. The company has a 50-day moving average price of $88.17 and a 200 day moving average price of $84.24.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Motorola Solutions, Inc. will post $5.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.11%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is currently 49.60%.
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A number of brokerages have recently weighed in on MSI. UBS AG upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating in a research note on Monday, May 22nd. BMO Capital Markets boosted their target price on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday. Credit Suisse Group set a $95.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG boosted their target price on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $93.50.
About Motorola Solutions
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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