Millennium Management LLC Decreases Position in ADT Inc. (NYSE:ADT)

Millennium Management LLC trimmed its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 976,512 shares of the security and automation business's stock after selling 84,702 shares during the quarter. Millennium Management LLC owned approximately 0.11% of ADT worth $6,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. raised its holdings in ADT by 1,132.1% in the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after purchasing an additional 223,922 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock worth $36,341,000 after acquiring an additional 609,842 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of ADT by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock worth $904,000 after acquiring an additional 41,682 shares in the last quarter. Norges Bank bought a new stake in shares of ADT during the fourth quarter worth $153,824,000. Finally, Northern Trust Corp grew its position in ADT by 22.0% in the fourth quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock valued at $15,151,000 after purchasing an additional 394,794 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Price Performance

NYSE:ADT traded up $0.05 during mid-day trading on Friday, reaching $8.32. The stock had a trading volume of 14,577,764 shares, compared to its average volume of 9,455,228. 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 stock has a market capitalization of $6.96 billion, a PE ratio of 9.04 and a beta of 1.29. The stock has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $7.66.

ADT (NYSE:ADT - Get Free Report) last released 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 net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. ADT's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 37.93%.

Analyst Ratings Changes

ADT has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research report on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction dated 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 transaction, the insider now directly owns 228,650,366 shares of the company's stock, valued at approximately $1,833,775,935.32. The trade was 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. Insiders own 2.70% of the company's stock.

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.