Wealth Enhancement Advisory Services LLC Raises Stock Holdings in ADT Inc. (NYSE:ADT)

Wealth Enhancement Advisory Services LLC grew its stake in ADT Inc. (NYSE:ADT - Free Report) by 93.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NorthCrest Asset Manangement LLC purchased a new stake in shares of ADT in the first quarter valued at $111,000. Pallas Capital Advisors LLC increased its stake in ADT by 120.3% in the first quarter. Pallas Capital Advisors LLC now owns 135,067 shares of the security and automation business's stock valued at $1,099,000 after purchasing an additional 73,748 shares during the last quarter. Millington Financial Advisors LLC acquired a new position in ADT in the first quarter valued at $342,000. Wedge Capital Management L L P NC increased its stake in ADT by 25.2% in the first quarter. Wedge Capital Management L L P NC now owns 378,900 shares of the security and automation business's stock valued at $3,084,000 after purchasing an additional 76,233 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in ADT by 210.7% in the first quarter. Merit Financial Group LLC now owns 81,494 shares of the security and automation business's stock valued at $663,000 after purchasing an additional 55,262 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

ADT stock opened at $8.44 on Monday. The stock's 50-day moving average is $8.24 and its 200-day moving average is $7.77. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 14.54 and a beta of 1.23. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.77 and a quick ratio of 0.60. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.72.

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, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Equities analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.61%. ADT's payout ratio is currently 37.93%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday, April 21st. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $7.00 to $9.00 in a research note 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.

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