Motorola Solutions Inc (MSI) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 104.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 227,018 shares of the communications equipment provider’s stock after purchasing an additional 116,151 shares during the period. Cornerstone Wealth Management LLC owned about 0.14% of Motorola Solutions worth $2,548,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MSI. Dimensional Fund Advisors LP lifted its position in shares of Motorola Solutions by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 410,174 shares of the communications equipment provider’s stock worth $43,191,000 after purchasing an additional 1,860 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of Motorola Solutions by 152.4% during the first quarter. CIBC World Markets Inc. now owns 10,273 shares of the communications equipment provider’s stock worth $1,082,000 after purchasing an additional 6,203 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Motorola Solutions by 3,656.8% during the first quarter. Summit Trail Advisors LLC now owns 105,303 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 102,500 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Motorola Solutions by 13.7% during the first quarter. Allianz Asset Management GmbH now owns 316,836 shares of the communications equipment provider’s stock worth $33,363,000 after purchasing an additional 38,208 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Motorola Solutions by 112.5% during the first quarter. Brown Advisory Inc. now owns 5,186 shares of the communications equipment provider’s stock worth $546,000 after purchasing an additional 2,745 shares during the last quarter. 86.40% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Gregory Q. Brown sold 204,953 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $126.47, for a total transaction of $25,920,405.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gino A. Bonanotte sold 23,201 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $125.97, for a total transaction of $2,922,629.97. Following the completion of the sale, the chief financial officer now owns 41,019 shares in the company, valued at approximately $5,167,163.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 649,479 shares of company stock worth $82,082,428. 2.20% of the stock is owned by company insiders.



MSI has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, July 24th. Credit Suisse Group set a $137.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Monday, August 20th. JPMorgan Chase & Co. cut shares of Motorola Solutions from a “neutral” rating to an “underweight” rating in a research report on Friday, August 3rd. Finally, Argus increased their price objective on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $131.85.

MSI opened at $119.68 on Friday. The stock has a market cap of $19.96 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.41. Motorola Solutions Inc has a fifty-two week low of $89.18 and a fifty-two week high of $131.48. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of -3.55.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. Motorola Solutions’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. Sell-side analysts predict that Motorola Solutions Inc will post 6.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 14th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, September 13th. This represents a $2.08 annualized dividend and a yield of 1.74%. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.

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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