Seven Grand Managers LLC Acquires New Holdings in ADT Inc. (NYSE:ADT)

Seven Grand Managers LLC purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 500,000 shares of the security and automation business's stock, valued at approximately $3,455,000. ADT makes up approximately 1.6% of Seven Grand Managers LLC's portfolio, making the stock its 26th largest holding. Seven Grand Managers LLC owned 0.06% of ADT at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ADT. Sei Investments Co. increased its position in shares of ADT by 1,132.1% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in ADT by 13.1% during the 4th 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 buying an additional 609,842 shares during the last quarter. JPMorgan Chase & Co. increased its position in ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after buying an additional 100,134 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in 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 buying an additional 41,682 shares during the last quarter. Finally, Norges Bank acquired a new stake in ADT in the fourth quarter worth about $153,824,000. Institutional investors own 87.22% of the company's stock.

ADT Stock Up 1.1%

Shares of ADT stock opened at $8.47 on Friday. ADT Inc. has a fifty-two week low of $6.53 and a fifty-two week high of $8.71. The firm has a market capitalization of $7.09 billion, a PE ratio of 9.21 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock's 50-day simple moving average is $7.96 and its 200-day simple moving average is $7.59.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $0.16 earnings per share. ADT's quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.60%. ADT's payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADT shares. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of ADT in a report on Monday, April 21st.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 in the company, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company's stock.

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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