ADT Inc. (NYSE:ADT) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in shares of ADT Inc. (NYSE:ADTFree Report) by 25.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,373 shares of the security and automation business’s stock after selling 30,041 shares during the period. Corient Private Wealth LLC’s holdings in ADT were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of ADT by 4.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 106,729 shares of the security and automation business’s stock valued at $640,000 after acquiring an additional 4,272 shares during the period. New York State Common Retirement Fund grew its position in shares of ADT by 17.5% during the 3rd quarter. New York State Common Retirement Fund now owns 230,305 shares of the security and automation business’s stock valued at $1,382,000 after acquiring an additional 34,252 shares during the period. Swiss National Bank grew its position in shares of ADT by 1.0% during the 3rd quarter. Swiss National Bank now owns 476,421 shares of the security and automation business’s stock valued at $2,859,000 after acquiring an additional 4,600 shares during the period. Blueshift Asset Management LLC acquired a new stake in ADT in the 3rd quarter worth about $136,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ADT by 11.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,972,786 shares of the security and automation business’s stock worth $17,837,000 after buying an additional 304,754 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADT shares. Barclays lowered their price objective on ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a report on Thursday, February 29th.

Get Our Latest Report on ADT

ADT Trading Up 1.5 %

Shares of ADT stock opened at $7.36 on Thursday. The stock has a market cap of $6.79 billion, a P/E ratio of 10.51 and a beta of 1.57. The stock’s 50 day simple moving average is $6.76 and its 200-day simple moving average is $6.62. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.60. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56.

ADT (NYSE:ADTGet Free Report) last issued its earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ADT had a return on equity of 15.98% and a net margin of 12.81%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. Analysts predict that ADT Inc. will post 0.67 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio is currently 31.43%.

ADT Company 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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