Belpointe Asset Management LLC Buys Shares of 29,369 ADT Inc. (NYSE:ADT)

Belpointe Asset Management LLC bought a new stake in ADT Inc. (NYSE:ADT – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 29,369 shares of the security and automation business’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADT. Prime Capital Investment Advisors LLC grew its stake in shares of ADT by 100.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 59,407 shares of the security and automation business’s stock worth $539,000 after acquiring an additional 29,761 shares during the last quarter. Swiss National Bank lifted its holdings in shares of ADT by 2.1% during the fourth quarter. Swiss National Bank now owns 412,421 shares of the security and automation business’s stock worth $3,741,000 after purchasing an additional 8,521 shares during the period. Arizona State Retirement System lifted its holdings in shares of ADT by 4.5% during the fourth quarter. Arizona State Retirement System now owns 48,350 shares of the security and automation business’s stock worth $439,000 after purchasing an additional 2,067 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of ADT by 12.0% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 59,493 shares of the security and automation business’s stock worth $540,000 after purchasing an additional 6,370 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in shares of ADT during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 96.76% of the company’s stock.

ADT Trading Up 1.0 %

Shares of NYSE:ADT opened at $6.06 on Tuesday. ADT Inc. has a 12-month low of $4.89 and a 12-month high of $10.10. The company has a market capitalization of $5.58 billion, a PE ratio of 202.00 and a beta of 1.70. The business has a 50 day moving average of $6.78 and a two-hundred day moving average of $8.13. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 2.83.

ADT (NYSE:ADT – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The security and automation business reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). ADT had a net margin of 0.48% and a return on equity of 8.01%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.59 billion. As a group, analysts forecast that ADT Inc. will post 0.66 EPS for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Wednesday, June 14th. ADT’s dividend payout ratio (DPR) is presently 466.67%.

Analyst Ratings Changes

Separately, Citigroup decreased their target price on ADT from $11.00 to $9.00 in a report on Wednesday, May 3rd.

Insider Activity

In other ADT news, VP Jamie Elizabeth Haenggi acquired 100,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was acquired at an average cost of $5.79 per share, for a total transaction of $579,000.00. Following the completion of the transaction, the vice president now directly owns 1,443,641 shares of the company’s stock, valued at $8,358,681.39. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CMO Delu Jackson bought 8,650 shares of the company’s stock in a transaction on Friday, May 5th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $49,824.00. Following the acquisition, the chief marketing officer now directly owns 194,675 shares in the company, valued at $1,121,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jamie Elizabeth Haenggi bought 100,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was bought at an average price of $5.79 per share, with a total value of $579,000.00. Following the completion of the acquisition, the vice president now owns 1,443,641 shares in the company, valued at $8,358,681.39. The disclosure for this purchase can be found here. Insiders acquired 180,650 shares of company stock worth $987,364 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

ADT Company Profile

(Get Rating)

ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.