Wealth Enhancement Advisory Services LLC Has $6.59 Million Stock Holdings in ADT Inc. $ADT

Wealth Enhancement Advisory Services LLC boosted its stake in shares of ADT Inc. (NYSE:ADT) by 164.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 768,196 shares of the security and automation business’s stock after purchasing an additional 477,602 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.09% of ADT worth $6,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of ADT during the 2nd quarter worth about $219,825,000. LSV Asset Management raised its holdings in ADT by 97.1% in the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock valued at $209,439,000 after acquiring an additional 12,182,009 shares during the period. Alliancebernstein L.P. lifted its position in ADT by 5.5% during the second quarter. Alliancebernstein L.P. now owns 16,346,077 shares of the security and automation business’s stock worth $138,451,000 after acquiring an additional 853,767 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of ADT by 22.7% during the second quarter. AQR Capital Management LLC now owns 16,097,474 shares of the security and automation business’s stock worth $135,702,000 after acquiring an additional 2,978,376 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of ADT by 2,089.4% during the second quarter. Allianz Asset Management GmbH now owns 14,638,575 shares of the security and automation business’s stock worth $123,989,000 after acquiring an additional 13,969,976 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Price Performance

ADT stock opened at $8.01 on Monday. The firm has a market cap of $6.56 billion, a PE ratio of 11.60 and a beta of 0.94. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. The stock’s fifty day moving average price is $8.11 and its two-hundred day moving average price is $8.41. ADT Inc. has a one year low of $7.28 and a one year high of $8.94.

ADT (NYSE:ADT) last released its earnings results on Tuesday, November 4th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. ADT had a return on equity of 18.96% and a net margin of 12.52%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.850-0.890 EPS. As a group, research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, December 11th. ADT’s dividend payout ratio is presently 31.88%.

Wall Street Analyst Weigh In

ADT has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Zacks Research cut ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley reduced their target price on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.25.

About ADT

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.