AIA Group Ltd Trims Stake in Motorola Solutions, Inc. (NYSE:MSI)

AIA Group Ltd decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,399 shares of the communications equipment provider's stock after selling 1,865 shares during the period. AIA Group Ltd's holdings in Motorola Solutions were worth $6,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new position in shares of Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC raised its stake in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC lifted its position in Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Motorola Solutions during the 1st quarter valued at $28,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions during the 2nd quarter worth $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Price Performance

Shares of NYSE MSI traded up $34.65 during mid-day trading on Friday, reaching $504.60. The company's stock had a trading volume of 1,163,478 shares, compared to its average volume of 668,751. Motorola Solutions, Inc. has a 1-year low of $305.73 and a 1-year high of $506.72. The stock has a market capitalization of $84.19 billion, a P/E ratio of 54.89, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a 50-day moving average of $452.76 and a two-hundred day moving average of $407.52.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, September 13th. Motorola Solutions's dividend payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSI. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Raymond James upped their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Bank of America increased their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $493.43.

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.