Citigroup Inc. Reduces Holdings in ADT Inc. (NYSE:ADT)

Citigroup Inc. lessened its holdings in ADT Inc. (NYSE:ADTFree Report) by 43.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,938 shares of the security and automation business’s stock after selling 15,128 shares during the period. Citigroup Inc.’s holdings in ADT were worth $120,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sei Investments Co. increased its position in ADT by 13.9% during the third quarter. Sei Investments Co. now owns 14,402 shares of the security and automation business’s stock valued at $86,000 after acquiring an additional 1,758 shares during the last quarter. Commonwealth Equity Services LLC increased its position in ADT by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock valued at $106,000 after acquiring an additional 1,784 shares during the last quarter. National Bank of Canada FI increased its position in ADT by 33.3% during the third quarter. National Bank of Canada FI now owns 8,301 shares of the security and automation business’s stock valued at $50,000 after acquiring an additional 2,075 shares during the last quarter. HighTower Advisors LLC increased its position in ADT by 11.6% during the fourth quarter. HighTower Advisors LLC now owns 20,646 shares of the security and automation business’s stock valued at $187,000 after acquiring an additional 2,139 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of ADT by 10.7% during the fourth quarter. State of Wyoming now owns 23,674 shares of the security and automation business’s stock valued at $215,000 after purchasing an additional 2,292 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

ADT stock opened at $6.72 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 13.44 and a beta of 1.58. The firm has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.40. ADT Inc. has a one year low of $4.89 and a one year high of $7.60. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68.

ADT (NYSE:ADTGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The company’s quarterly revenue was down 27.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts forecast that ADT Inc. will post 0.67 EPS for the current fiscal year.

ADT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.055 per share. The ex-dividend date is Wednesday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.27%. This is an increase from ADT’s previous quarterly dividend of $0.04. ADT’s dividend payout ratio is 44.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADT. The Goldman Sachs Group boosted their target price on shares of ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays lowered their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd.

Read Our Latest Stock Analysis on ADT

ADT Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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