Alliancebernstein L.P. Has $126.11 Million Stock Holdings in ADT Inc. $ADT

Key Points

• Alliancebernstein L.P. reduced its stake in ADT Inc. by 13.4%, selling 2,389,397 shares in the first quarter, now holding approximately 1.85% of the company valued at $126.1 million.
• ADT recently announced a quarterly dividend of $0.055 per share, providing a 2.5% yield to shareholders, with an ex-dividend date set for September 11th.
• Multiple analysts have upgraded ADT's stock rating, with price targets ranging from $9.00 to $10.00, reflecting positive market sentiment after the company beat earnings expectations.

Alliancebernstein L.P. cut its holdings in ADT Inc. (NYSE:ADT - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,492,310 shares of the security and automation business's stock after selling 2,389,397 shares during the period. Alliancebernstein L.P. owned approximately 1.85% of ADT worth $126,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADT. Wells Fargo & Company MN boosted its holdings in ADT by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after purchasing an additional 2,113 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in ADT by 15.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business's stock valued at $170,000 after acquiring an additional 3,366 shares during the period. Hsbc Holdings PLC boosted its holdings in ADT by 15.6% during the fourth quarter. Hsbc Holdings PLC now owns 39,936 shares of the security and automation business's stock valued at $276,000 after acquiring an additional 5,388 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in ADT by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 189,228 shares of the security and automation business's stock valued at $1,309,000 after acquiring an additional 30,794 shares during the period. Finally, Northern Trust Corp boosted its holdings 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 valued at $15,151,000 after acquiring an additional 394,794 shares during the period. 87.22% of the stock is currently owned by institutional investors.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

ADT Stock Performance

Shares of NYSE ADT traded down $0.14 during mid-day trading on Friday, hitting $8.69. The company had a trading volume of 19,526,477 shares, compared to its average volume of 9,572,516. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The business's 50-day simple moving average is $8.54 and its 200-day simple moving average is $8.22. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.89. The firm has a market cap of $7.22 billion, a P/E ratio of 13.16 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results 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 net margin of 12.30% and a return on equity of 18.58%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. The company's quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio is 33.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADT shares. Morgan Stanley upped their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Citigroup upped their price target on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.34.

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.