Mackenzie Financial Corp Grows Stock Holdings in ADT Inc. (NYSE:ADT)

Mackenzie Financial Corp boosted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 513.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,604,094 shares of the security and automation business's stock after purchasing an additional 1,342,509 shares during the quarter. Mackenzie Financial Corp owned about 0.18% of ADT worth $11,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADT. Norges Bank bought a new position in ADT during the fourth quarter worth about $153,824,000. Vanguard Group Inc. raised its holdings in ADT by 20.6% in the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after acquiring an additional 7,610,709 shares in the last quarter. Zimmer Partners LP acquired a new position in ADT in the 4th quarter valued at $48,687,000. Dimensional Fund Advisors LP raised its holdings in ADT by 31.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock valued at $148,246,000 after acquiring an additional 5,089,056 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in ADT in the 4th quarter valued at $13,820,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Up 0.6%

Shares of ADT stock traded up $0.05 during trading hours on Friday, reaching $8.32. The company had a trading volume of 14,577,764 shares, compared to its average volume of 9,419,878. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 9.04 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.71. The business has a fifty day simple moving average of $8.10 and a 200-day simple moving average of $7.66.

ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $0.16 earnings per share. ADT's quarterly revenue was up 6.5% on a year-over-year basis. On average, 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 will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 37.93%.

Insider Buying and Selling at ADT

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

Analysts Set New Price Targets

ADT has been the subject of a number of recent analyst reports. 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. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

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.