AlphaCore Capital LLC Buys New Stake in ADT Inc. $ADT

AlphaCore Capital LLC purchased a new position in ADT Inc. (NYSE:ADT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,943 shares of the security and automation business’s stock, valued at approximately $341,000.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC increased its position in ADT by 7,745.1% during the 1st quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business’s stock valued at $28,039,000 after buying an additional 3,400,705 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ADT by 259.5% during the first quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business’s stock worth $4,997,000 after acquiring an additional 443,121 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of ADT by 264.2% during the first quarter. Acadian Asset Management LLC now owns 248,811 shares of the security and automation business’s stock valued at $2,024,000 after acquiring an additional 180,502 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of ADT during the first quarter valued at about $251,000. Finally, Allianz Asset Management GmbH raised its position in shares of ADT by 52.2% in the 1st quarter. Allianz Asset Management GmbH now owns 668,599 shares of the security and automation business’s stock valued at $5,442,000 after purchasing an additional 229,441 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADT. Weiss Ratings reissued a “buy (b-)” rating on shares of ADT in a research report on Wednesday, November 19th. Citigroup lifted their price objective on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Morgan Stanley boosted their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.38.

ADT Stock Down 0.1%

ADT opened at $7.90 on Tuesday. The company has a fifty day moving average of $8.49 and a two-hundred day moving average of $8.48. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.44 and a beta of 1.00. ADT Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $8.94. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.54 and a current ratio of 0.67.

ADT (NYSE:ADT) last posted its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business had revenue of $1.31 billion for the quarter. On average, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a $0.055 dividend. The ex-dividend date is Thursday, December 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.8%. ADT’s payout ratio is 31.88%.

ADT Company 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.