Miracle Mile Advisors LLC Buys 541 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Miracle Mile Advisors LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 72.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,290 shares of the communications equipment provider’s stock after buying an additional 541 shares during the period. Miracle Mile Advisors LLC’s holdings in Motorola Solutions were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Little House Capital LLC acquired a new stake in Motorola Solutions in the first quarter worth about $698,000. Diversified Trust Co boosted its holdings in Motorola Solutions by 1.1% in the first quarter. Diversified Trust Co now owns 4,047 shares of the communications equipment provider’s stock worth $1,437,000 after acquiring an additional 43 shares in the last quarter. Aviance Capital Partners LLC acquired a new stake in Motorola Solutions in the first quarter worth about $204,000. Physician Wealth Advisors Inc. acquired a new stake in Motorola Solutions in the first quarter worth about $206,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Motorola Solutions by 10.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,029 shares of the communications equipment provider’s stock worth $6,045,000 after purchasing an additional 1,647 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.1 %

Shares of MSI stock opened at $386.37 on Tuesday. The stock has a 50 day moving average of $365.62 and a 200 day moving average of $342.28. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The stock has a market cap of $64.45 billion, a P/E ratio of 47.76, a P/E/G ratio of 3.38 and a beta of 0.94. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $391.65.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.29. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Barclays lifted their target price on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.86.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock worth $3,446,461 over the last three months. 1.26% of the stock is currently owned by corporate insiders.

Motorola Solutions 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.