ADT Inc. (NYSE:ADT) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,642,263 shares of the security and automation business's stock after purchasing an additional 538,939 shares during the period. Bank of America Corp DE owned 0.18% of ADT worth $11,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in ADT in the fourth quarter valued at approximately $62,000. Chicago Partners Investment Group LLC purchased a new position in shares of ADT in the fourth quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ADT during the fourth quarter worth about $73,000. Magnetar Financial LLC acquired a new stake in shares of ADT during the fourth quarter worth about $73,000. Finally, Federated Hermes Inc. raised its position in ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after buying an additional 1,449 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the sale, the insider now owns 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

ADT Trading Up 0.8%

NYSE:ADT traded up $0.07 on Tuesday, reaching $8.29. 15,703,145 shares of the company's stock were exchanged, compared to its average volume of 9,325,729. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 9.01 and a beta of 1.29. ADT Inc. has a 52-week low of $6.53 and a 52-week high of $8.71. 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 business has a fifty day moving average of $8.08 and a 200-day moving average of $7.64.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm 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%. ADT'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 company posted $0.16 earnings per share. As a group, analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders 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 yield of 2.66%. The ex-dividend date is Thursday, June 12th. ADT's payout ratio is currently 37.93%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

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.