MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Position in ADT Inc. (NYSE:ADT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in ADT Inc. (NYSE:ADT - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 857,451 shares of the security and automation business's stock after selling 62,398 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of ADT worth $5,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in ADT by 1,132.1% in the 4th 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% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after acquiring an additional 609,842 shares during the period. JPMorgan Chase & Co. increased its position in shares of ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after acquiring an additional 100,134 shares during the period. Janney Montgomery Scott LLC increased its position in shares of ADT by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after acquiring an additional 41,682 shares during the period. Finally, Norges Bank purchased a new position in shares of ADT in the fourth quarter valued at about $153,824,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the business's 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 sale, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

ADT Trading Up 1.5%

Shares of ADT opened at $8.60 on Monday. The firm's 50-day moving average price is $7.98 and its 200-day moving average price is $7.60. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.35 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.71.

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 for the quarter, beating analysts' consensus estimates 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 net margin of 18.18% and a return on equity of 17.77%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

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 paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

ADT has been the topic of a number of analyst reports. Barclays upgraded shares of 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 target price on shares of ADT in a research note on Monday, April 21st.

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.

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