Motorola Solutions Inc (MSI) Holdings Reduced by Mackenzie Financial Corp
Mackenzie Financial Corp decreased its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,195 shares of the communications equipment provider’s stock after selling 270,640 shares during the period. Mackenzie Financial Corp owned approximately 0.07% of Motorola Solutions worth $9,098,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Sun Life Financial INC increased its position in shares of Motorola Solutions by 14,800.0% during the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC grew its position in Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares in the last quarter. Grove Bank & Trust grew its position in Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 1,060 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Motorola Solutions in the third quarter valued at $187,000. Finally, Williams Jones & Associates LLC bought a new position in Motorola Solutions in the second quarter valued at $201,000. 87.86% of the stock is owned by institutional investors.
Shares of Motorola Solutions Inc (NYSE:MSI) traded up $1.51 during mid-day trading on Friday, reaching $92.80. 2,148,100 shares of the company’s stock were exchanged, compared to its average volume of 1,071,886. The firm has a market capitalization of $14,788.96, a PE ratio of 17.76, a P/E/G ratio of 4.07 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a 12-month low of $76.92 and a 12-month high of $94.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a yield of 2.24%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.08%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, November 9th. Jefferies Group raised their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $95.08.
In other news, CEO Gregory Q. Brown sold 75,019 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the sale, the chief executive officer now owns 183,312 shares in the company, valued at approximately $16,664,893.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eduardo F. Conrado sold 75,830 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $93.12, for a total transaction of $7,061,289.60. Following the sale, the executive vice president now owns 51,346 shares of the company’s stock, valued at approximately $4,781,339.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,286 shares of company stock valued at $33,178,275. 2.50% of the stock is currently owned by corporate insiders.
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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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