Miracle Mile Advisors LLC Has $458,000 Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Miracle Mile Advisors LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 72.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,290 shares of the communications equipment provider’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MSI. AQR Capital Management LLC raised its holdings in shares of Motorola Solutions by 25.8% during the third quarter. AQR Capital Management LLC now owns 127,309 shares of the communications equipment provider’s stock valued at $34,659,000 after purchasing an additional 26,141 shares during the period. Glenmede Trust Co. NA increased its stake in Motorola Solutions by 4.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,727 shares of the communications equipment provider’s stock valued at $1,287,000 after buying an additional 195 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Motorola Solutions by 1.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,671 shares of the communications equipment provider’s stock valued at $5,900,000 after buying an additional 332 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Motorola Solutions by 67.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after buying an additional 482,023 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Motorola Solutions by 63.6% in the 3rd quarter. Alps Advisors Inc. now owns 10,748 shares of the communications equipment provider’s stock valued at $2,926,000 after buying an additional 4,179 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, 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 SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the firm’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 transaction of $257,445.90. Following the completion of the sale, the director now directly owns 8,141 shares in the company, 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 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MSI shares. JPMorgan Chase & Co. increased their target price 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price for the company. Finally, Barclays increased their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and an average target price of $358.86.

Motorola Solutions Stock Up 0.1 %

MSI opened at $386.37 on Tuesday. The company has a 50 day moving average of $365.62 and a 200 day moving average of $342.28. The company has a market cap of $64.45 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $391.65. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

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

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s payout ratio is 48.45%.

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.