Wealth Enhancement Advisory Services LLC Buys 102,538 Shares of ADT Inc. (NYSE:ADT)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 93.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,728 shares of the security and automation business's stock after acquiring an additional 102,538 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ADT were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Atria Investments Inc lifted its holdings in ADT by 9.9% during the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after purchasing an additional 1,358 shares in the last quarter. Federated Hermes Inc. raised its position in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares during the period. State of Wyoming lifted its stake in shares of ADT by 5.0% during the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock valued at $302,000 after buying an additional 2,092 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of ADT by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after buying an additional 2,113 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in ADT by 14.1% in the 4th quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business's stock worth $123,000 after buying an additional 2,200 shares during the period. Institutional investors own 87.22% of the company's stock.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $8.27, for a total value of $372,150,000.00. Following the completion of the transaction, the insider directly owned 183,650,366 shares of the company's stock, valued at approximately $1,518,788,526.82. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

ADT Price Performance

Shares of NYSE:ADT traded up $0.24 during midday trading on Thursday, reaching $8.51. 15,208,604 shares of the company were exchanged, compared to its average volume of 10,509,426. The stock has a market cap of $7.11 billion, a PE ratio of 14.66 and a beta of 1.21. The business's fifty day moving average is $8.28 and its two-hundred day moving average is $7.78. ADT Inc. has a one year low of $6.53 and a one year high of $8.72. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a net margin of 11.03% and a return on equity of 17.23%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. The business's revenue was up 6.5% on a year-over-year basis. As a group, analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's payout ratio is 37.93%.

Wall Street Analyst Weigh In

ADT has been the topic of several research analyst reports. 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. Royal Bank Of Canada reissued 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.