Charles Schwab Investment Management Inc. Trims Stock Holdings in ADT Inc. $ADT

Charles Schwab Investment Management Inc. reduced its holdings in ADT Inc. (NYSE:ADT - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,218,419 shares of the security and automation business's stock after selling 40,770 shares during the period. Charles Schwab Investment Management Inc. owned about 0.62% of ADT worth $42,478,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADT. Vanguard Group Inc. increased its holdings in shares of ADT by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock valued at $404,688,000 after acquiring an additional 5,160,835 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of ADT in the 1st quarter worth approximately $225,000. Earned Wealth Advisors LLC bought a new stake in shares of ADT in the 1st quarter worth approximately $96,000. LSV Asset Management lifted its position in shares of ADT by 15.7% in the 1st quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business's stock worth $102,118,000 after acquiring an additional 1,701,861 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of ADT in the 1st quarter worth approximately $1,853,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm'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 in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ADT shares. Morgan Stanley lifted their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wall Street Zen downgraded ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Zacks Research raised ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.18.

ADT Price Performance

NYSE:ADT traded down $0.0850 during trading hours on Thursday, reaching $8.6350. 3,810,765 shares of the company were exchanged, compared to its average volume of 14,942,535. The company has a market capitalization of $7.18 billion, a P/E ratio of 13.08 and a beta of 1.20. ADT Inc. has a 1-year low of $6.68 and a 1-year high of $8.86. 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 has a 50 day moving average of $8.43 and a 200 day moving average of $8.11.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share 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 analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Research analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

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 dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio (DPR) is presently 33.33%.

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.