Cottonwood Capital Advisors LLC Sells 169 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Cottonwood Capital Advisors LLC cut its position in Motorola Solutions, Inc. (NYSE:MSI) by 23.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 550 shares of the communications equipment provider’s stock after selling 169 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Motorola Solutions were worth $241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC raised its stake in shares of Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 25 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Motorola Solutions by 22.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock worth $63,000 after purchasing an additional 25 shares during the last quarter. Clark Capital Management Group Inc. grew its position in Motorola Solutions by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock worth $294,000 after purchasing an additional 26 shares during the period. Wesbanco Bank Inc. grew its position in Motorola Solutions by 2.0% in the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider’s stock worth $576,000 after purchasing an additional 26 shares during the period. Finally, Cozad Asset Management Inc. increased its position in Motorola Solutions by 2.8% during the fourth quarter. Cozad Asset Management Inc. now owns 1,008 shares of the communications equipment provider’s stock valued at $466,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer now directly owns 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays dropped their target price on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $513.25.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $419.31 on Thursday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a fifty day moving average price of $417.62 and a 200-day moving average price of $436.56. The stock has a market cap of $69.99 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.60 and a beta of 0.96. Motorola Solutions, Inc. has a 1 year low of $380.72 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 earnings per share. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. Motorola Solutions’s dividend payout ratio (DPR) is presently 36.39%.

Motorola Solutions Company 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.