Peterson Wealth Services Decreases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Peterson Wealth Services cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,295 shares of the communications equipment provider’s stock after selling 598 shares during the period. Motorola Solutions comprises approximately 1.0% of Peterson Wealth Services’ holdings, making the stock its 27th largest position. Peterson Wealth Services’ holdings in Motorola Solutions were worth $3,372,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC raised its stake in Motorola Solutions by 5,403.9% during the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after buying an additional 35,071 shares during the last quarter. Versor Investments LP purchased a new stake in Motorola Solutions during the 3rd quarter valued at $449,000. Groupama Asset Managment raised its stake in Motorola Solutions by 8.6% during the 3rd quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after buying an additional 46,731 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Motorola Solutions by 8.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after buying an additional 32,157 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Motorola Solutions during the 3rd quarter valued at $33,423,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Trading Up 0.3 %

Shares of MSI stock opened at $480.65 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $314.84 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a market capitalization of $80.33 billion, a PE ratio of 52.65, a PEG ratio of 3.54 and a beta of 1.02. The stock has a fifty day simple moving average of $470.40 and a two-hundred day simple moving average of $456.91.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is presently 47.75%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MSI shares. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $504.88.

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.