Allianz Asset Management GmbH Purchases 13,969,976 Shares of ADT Inc. $ADT

Key Points

• Allianz Asset Management GmbH significantly increased its holdings in ADT Inc. by 2,089.4%, acquiring an additional 13,969,976 shares during the second quarter.
• Institutional investors hold 87.22% of ADT's stock, highlighting strong interest among larger financial entities.
• ADT announced a quarterly dividend of $0.055 per share, with a resulting annualized dividend yield of 2.6%.

Allianz Asset Management GmbH lifted its stake in ADT Inc. (NYSE:ADT - Free Report) by 2,089.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,638,575 shares of the security and automation business's stock after buying an additional 13,969,976 shares during the quarter. Allianz Asset Management GmbH owned about 1.75% of ADT worth $123,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ADT. GAMMA Investing LLC lifted its holdings in ADT by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business's stock worth $27,000 after purchasing an additional 1,329 shares in the last quarter. AlphaQuest LLC increased its stake in ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after acquiring an additional 2,370 shares during the last quarter. Bayforest Capital Ltd bought a new stake in ADT in the 1st quarter worth approximately $74,000. NorthRock Partners LLC bought a new stake in ADT in the 2nd quarter worth approximately $85,000. Finally, Northwest Wealth Management LLC bought a new stake in ADT in the 1st quarter worth approximately $87,000. Institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of ADT in a research note on Wednesday, October 8th. Wall Street Zen downgraded ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Citigroup boosted their target price on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Zacks Research downgraded ADT from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, ADT currently has an average rating of "Hold" and a consensus price target of $9.34.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.61 on Thursday. 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 moving average price is $8.66 and its 200-day moving average price is $8.39. The firm has a market capitalization of $7.15 billion, a PE ratio of 13.04 and a beta of 1.05. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business had revenue of $1.31 billion during the quarter. As a group, equities research analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 11th. ADT's dividend payout ratio is currently 33.33%.

Insider Activity

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

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