Oppenheimer & Co. Inc. acquired a new stake in ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 90,900 shares of the security and automation business's stock, valued at approximately $628,000.
Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ADT in the fourth quarter valued at approximately $73,000. Chicago Partners Investment Group LLC acquired a new position in ADT in the 4th quarter worth $74,000. KBC Group NV increased its holdings in ADT by 46.9% during the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business's stock worth $76,000 after purchasing an additional 3,375 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of ADT in the 3rd quarter valued at about $76,000. Finally, Creative Planning acquired a new stake in shares of ADT in the 3rd quarter valued at about $78,000. Institutional investors and hedge funds own 87.22% of the company's stock.
Analyst Upgrades and Downgrades
ADT has been the subject of several recent research reports. Morgan Stanley upped their price objective on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.
Check Out Our Latest Analysis on ADT
ADT Stock Down 1.3 %
Shares of ADT stock traded down $0.11 during trading hours on Monday, reaching $7.70. 21,363,176 shares of the company's stock were exchanged, compared to its average volume of 6,284,328. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average of $7.41 and a two-hundred day moving average of $7.32. The stock has a market cap of $6.74 billion, a P/E ratio of 8.36 and a beta of 1.58. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39.
ADT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, March 13th. ADT's dividend payout ratio (DPR) is 41.51%.
ADT Company Profile
(
Free Report)
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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