Advisor Resource Council Takes Position in ADT Inc. (NYSE:ADT)

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

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of ADT during the 4th quarter valued at about $153,824,000. Vanguard Group Inc. raised its stake in ADT by 20.6% during the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of ADT in the fourth quarter valued at about $48,687,000. Dimensional Fund Advisors LP lifted its position in shares of ADT by 31.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock worth $148,246,000 after acquiring an additional 5,089,056 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in ADT during the fourth quarter worth $13,820,000. 87.22% of the stock is owned by institutional investors.

ADT Trading Up 1.1%

Shares of ADT stock traded up $0.10 during trading on Tuesday, reaching $8.39. 15,052,192 shares of the company were exchanged, compared to its average volume of 10,275,708. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72. The business has a 50-day moving average price of $8.20 and a 200-day moving average price of $7.74. The company has a quick ratio of 0.60, a current ratio of 0.77 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 14.46 and a beta of 1.23.

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

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 37.93%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other 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 represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company's stock.

About ADT

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.