AIA Group Ltd Has $5.01 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• AIA Group Ltd reduced its stake in Motorola Solutions by 14.6%, selling 1,954 shares and holding 11,445 shares worth $5,011,000 at the end of the quarter.
• Motorola Solutions reported $3.57 EPS, exceeding estimates of $3.36, with revenues of $2.77 billion, reflecting a 5.2% increase year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Motorola Solutions, with a target price averaging $512.67 among nine buy and three hold ratings.

AIA Group Ltd lowered its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 14.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,445 shares of the communications equipment provider's stock after selling 1,954 shares during the quarter. AIA Group Ltd's holdings in Motorola Solutions were worth $5,011,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Motorola Solutions by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,501,114 shares of the communications equipment provider's stock valued at $9,413,403,000 after purchasing an additional 321,280 shares in the last quarter. Invesco Ltd. grew its stake in Motorola Solutions by 2.6% during the 1st quarter. Invesco Ltd. now owns 2,043,914 shares of the communications equipment provider's stock valued at $894,846,000 after purchasing an additional 50,891 shares in the last quarter. Northern Trust Corp grew its stake in Motorola Solutions by 15.9% during the 4th quarter. Northern Trust Corp now owns 1,868,559 shares of the communications equipment provider's stock valued at $863,704,000 after purchasing an additional 256,707 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Motorola Solutions by 5.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,703,056 shares of the communications equipment provider's stock worth $745,616,000 after buying an additional 84,312 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Motorola Solutions by 15.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,554,252 shares of the communications equipment provider's stock worth $718,422,000 after buying an additional 210,662 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MSI shares. UBS Group increased their target price on Motorola Solutions from $490.00 to $510.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays set a $509.00 target price on Motorola Solutions and gave the stock an "overweight" rating in a report on Friday, August 8th. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $512.67.

Insider Activity

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the transaction, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.44% of the stock is owned by insiders.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $8.20 during mid-day trading on Thursday, hitting $462.00. The company had a trading volume of 976,087 shares, compared to its average volume of 913,042. The firm's 50 day simple moving average is $424.10 and its two-hundred day simple moving average is $427.76. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The stock has a market cap of $76.97 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 3.82 and a beta of 0.97. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.36 by $0.21. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.24 EPS. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, June 13th. Motorola Solutions's payout ratio is presently 35.10%.

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.