ADT Inc. (NYSE:ADT) Shares Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in ADT Inc. by 52.2%, now owning approximately 668,599 shares valued at about $5.4 million.
• Major shareholder Apollo Management Holdings sold 45 million shares of ADT at an average price of $8.27, reducing their position by nearly 19.68%.
• ADT recently reported earnings per share of $0.23 for the last quarter, exceeding estimates, along with a revenue increase of 6.8% year-over-year.

Allianz Asset Management GmbH boosted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 52.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 668,599 shares of the security and automation business's stock after acquiring an additional 229,441 shares during the period. Allianz Asset Management GmbH owned about 0.08% of ADT worth $5,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in ADT in the 1st quarter valued at about $35,000. True Wealth Design LLC acquired a new position in ADT in the fourth quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new position in ADT in the fourth quarter worth approximately $62,000. Federated Hermes Inc. grew its position in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after acquiring an additional 1,449 shares during the period. Finally, Quarry LP acquired a new stake in ADT during the fourth quarter worth $80,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the completion of the sale, the insider directly owned 183,650,366 shares of the company's stock, valued at $1,518,788,526.82. The trade was a 19.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by company insiders.

ADT Stock Performance

ADT opened at $8.35 on Tuesday. The stock's 50 day simple moving average is $8.37 and its 200 day simple moving average is $7.99. The stock has a market cap of $6.98 billion, a P/E ratio of 12.65 and a beta of 1.21. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.80. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.17 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.63%. ADT's dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADT. Morgan Stanley set a $9.50 price objective on shares of ADT and gave the stock an "equal weight" rating in a report on Monday. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.00 to $9.00 in a report on Friday, April 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Monday, April 21st.

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.

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