Maridea Wealth Management LLC Makes New Investment in ADT Inc. (NYSE:ADT)

Key Points

• Maridea Wealth Management LLC has acquired a new position in ADT Inc., purchasing 59,600 shares valued at approximately $485,000 during the first quarter.
• Several institutional investors have recently increased their stakes in ADT, with holdings now comprising 87.22% of the company's stock.
• ADT has reported a net margin of 12.30% and a 6.8% increase in quarterly revenue compared to the same period last year, along with a quarterly dividend of $0.055 per share.

Maridea Wealth Management LLC bought a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,600 shares of the security and automation business's stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Corton Capital Inc. bought a new stake in ADT in the first quarter valued at approximately $103,000. Skandinaviska Enskilda Banken AB publ bought a new stake in ADT in the first quarter valued at approximately $1,490,000. Convergence Investment Partners LLC bought a new stake in ADT in the first quarter valued at approximately $773,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in ADT by 305.9% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 971,224 shares of the security and automation business's stock valued at $7,906,000 after purchasing an additional 731,930 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in ADT in the first quarter valued at approximately $2,249,000. 87.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the transaction, the insider owned 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

ADT Trading Down 1.1%

ADT traded down $0.09 during midday trading on Monday, reaching $8.35. 17,446,747 shares of the company's stock traded hands, compared to its average volume of 12,505,807. The firm has a fifty day moving average of $8.37 and a two-hundred day moving average of $7.99. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 12.65 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. ADT Inc. has a 52 week low of $6.53 and a 52 week high of $8.80.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%. The business 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 company posted $0.17 EPS. ADT's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.63%. ADT's dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

Several brokerages have weighed in on ADT. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Morgan Stanley upped their price target on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

ADT 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.