Wealth Enhancement Advisory Services LLC Has $761,000 Position in ADT Inc. (NYSE:ADT)

Wealth Enhancement Advisory Services LLC raised its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 469.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,190 shares of the security and automation business's stock after acquiring an additional 90,852 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ADT were worth $761,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ADT. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ADT in the fourth quarter valued at approximately $73,000. TFB Advisors LLC bought a new stake in ADT during the 4th quarter worth approximately $376,000. Allspring Global Investments Holdings LLC increased its holdings in ADT by 13,736.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,912 shares of the security and automation business's stock valued at $111,000 after purchasing an additional 15,797 shares in the last quarter. Rhumbline Advisers raised its position in ADT by 6.3% in the 4th quarter. Rhumbline Advisers now owns 271,604 shares of the security and automation business's stock valued at $1,877,000 after purchasing an additional 16,210 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in ADT by 64.0% in the 4th quarter. Sanctuary Advisors LLC now owns 35,670 shares of the security and automation business's stock valued at $246,000 after purchasing an additional 13,925 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADT. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and increased their target price for the stock 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 objective on shares of ADT in a report on Monday, April 21st.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,518,788,526.82. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

ADT Trading Up 0.1%

NYSE:ADT traded up $0.01 during trading hours on Thursday, hitting $8.23. 10,150,043 shares of the stock were exchanged, compared to its average volume of 10,145,460. The company has a market capitalization of $6.88 billion, a P/E ratio of 8.95 and a beta of 1.23. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company's 50 day moving average is $8.15 and its two-hundred day moving average is $7.71. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) 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 analyst estimates of $1.25 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, sell-side analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is 37.93%.

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.