Miracle Mile Advisors LLC Has $598,000 Stake in Motorola Solutions, Inc. (NYSE:MSI)

Miracle Mile Advisors LLC grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,293 shares of the communications equipment provider’s stock after acquiring an additional 92 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Motorola Solutions were worth $598,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Motorola Solutions during the 3rd quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Motorola Solutions in the third quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Motorola Solutions during the 2nd quarter worth approximately $32,000. Planning Capital Management Corp acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions in the 3rd quarter valued at $33,000. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSI. Bank of America increased their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays raised their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley upped their target price on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $504.88.

Motorola Solutions Stock Down 0.2 %

MSI stock opened at $459.72 on Thursday. The stock’s 50 day moving average is $478.34 and its 200-day moving average is $446.78. Motorola Solutions, Inc. has a twelve month low of $314.08 and a twelve month high of $507.82. The firm has a market capitalization of $76.83 billion, a PE ratio of 50.35, a P/E/G ratio of 3.70 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a $1.09 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.95%. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

About Motorola Solutions

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.