ADT Inc. (NYSE:ADT) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in shares of ADT Inc. (NYSE:ADT) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,885 shares of the security and automation business’s stock after selling 9,985 shares during the period. Commonwealth Equity Services LLC’s holdings in ADT were worth $130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Swiss National Bank increased its position in ADT by 0.9% during the 4th quarter. Swiss National Bank now owns 590,021 shares of the security and automation business’s stock valued at $4,077,000 after buying an additional 5,500 shares in the last quarter. Burkehill Global Management LP purchased a new stake in shares of ADT during the fourth quarter worth about $13,820,000. Raymond James Financial Inc. acquired a new position in shares of ADT during the fourth quarter valued at about $1,153,000. Atria Investments Inc raised its position in shares of ADT by 9.9% in the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock valued at $104,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in ADT by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 191,495 shares of the security and automation business’s stock worth $1,323,000 after purchasing an additional 21,880 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

ADT opened at $7.71 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12-month low of $6.10 and a 12-month high of $8.39. The firm has a 50 day moving average of $7.73 and a two-hundred day moving average of $7.43. The firm has a market capitalization of $6.75 billion, a PE ratio of 8.38 and a beta of 1.42.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADT shares. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.