American International Group Inc. Has $14.20 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

American International Group Inc. reduced its stake in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,341 shares of the communications equipment provider’s stock after selling 138 shares during the quarter. American International Group Inc.’s holdings in Motorola Solutions were worth $14,196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Kestra Advisory Services LLC increased its stake in shares of Motorola Solutions by 12.5% in the third quarter. Kestra Advisory Services LLC now owns 9,883 shares of the communications equipment provider’s stock worth $2,691,000 after purchasing an additional 1,095 shares during the period. Prudential PLC increased its position in Motorola Solutions by 13.6% during the third quarter. Prudential PLC now owns 13,005 shares of the communications equipment provider’s stock worth $3,540,000 after acquiring an additional 1,561 shares during the period. QRG Capital Management Inc. acquired a new position in Motorola Solutions during the 3rd quarter valued at $4,633,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Motorola Solutions in the third quarter valued at about $2,052,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Motorola Solutions by 30.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 377,499 shares of the communications equipment provider’s stock worth $102,770,000 after acquiring an additional 88,285 shares during the period. 84.17% of the stock is owned by institutional investors.

Insider Activity at Motorola Solutions

In related news, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the sale, the senior vice president now owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James A. Niewiara sold 810 shares of Motorola Solutions stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the completion of the sale, the senior vice president now directly owns 12,986 shares in the company, valued at $4,650,156.74. The disclosure for this sale can be found here. Insiders sold a total of 4,115 shares of company stock valued at $1,474,987 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSI. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Evercore ISI initiated coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.86.

Check Out Our Latest Stock Analysis on Motorola Solutions

Motorola Solutions Stock Down 0.1 %

MSI traded down $0.32 during mid-day trading on Friday, reaching $375.41. 593,721 shares of the stock were exchanged, compared to its average volume of 556,144. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a market capitalization of $62.62 billion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $381.60. The company has a 50 day moving average price of $357.36 and a two-hundred day moving average price of $337.88.

Motorola Solutions (NYSE:MSIGet Free Report) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.04%. Motorola Solutions’s payout ratio is 48.45%.

Motorola Solutions Profile

(Free Report)

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.

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

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