296,295 Shares in ADT Inc. (NYSE:ADT) Purchased by Advisor Resource Council

Advisor Resource Council bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 296,295 shares of the security and automation business's stock, valued at approximately $2,216,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after acquiring an additional 223,922 shares during the period. Charles Schwab Investment Management Inc. boosted its position in ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock worth $36,341,000 after purchasing an additional 609,842 shares in the last quarter. Norges Bank purchased a new position in ADT during the fourth quarter worth approximately $153,824,000. Captrust Financial Advisors boosted its position in ADT by 133.1% during the fourth quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock worth $383,000 after purchasing an additional 31,610 shares in the last quarter. Finally, Northern Trust Corp boosted its position in ADT by 22.0% during the fourth quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock worth $15,151,000 after purchasing an additional 394,794 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total value of $372,150,000.00. Following the completion of the sale, the insider now owns 183,650,366 shares of the company's stock, valued at approximately $1,518,788,526.82. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

ADT Stock Performance

NYSE ADT opened at $8.14 on Friday. The company has a market cap of $6.81 billion, a PE ratio of 14.03 and a beta of 1.23. The stock's 50 day simple moving average is $8.20 and its 200-day simple moving average is $7.73. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.72. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.77 and a quick ratio of 0.60.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities research analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.70%. ADT's dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

ADT 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.

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