Charles Schwab Investment Management Inc. raised its holdings in ADT Inc. (NYSE:ADT - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,259,189 shares of the security and automation business's stock after buying an additional 609,842 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of ADT worth $36,341,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Capstone Investment Advisors LLC purchased a new stake in ADT during the third quarter worth approximately $76,000. Chicago Partners Investment Group LLC purchased a new stake in shares of ADT during the 4th quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ADT in the 4th quarter valued at $73,000. KBC Group NV raised its stake 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 acquiring an additional 3,375 shares in the last quarter. Finally, Claro Advisors LLC purchased a new stake in ADT in the fourth quarter valued at $88,000. 87.22% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on ADT shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.
Check Out Our Latest Stock Report on ADT
ADT Stock Performance
ADT stock traded up $0.36 during trading on Wednesday, hitting $7.94. The company had a trading volume of 14,767,422 shares, compared to its average volume of 10,816,915. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.39. The firm has a 50-day moving average price of $7.49 and a 200-day moving average price of $7.33. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market cap of $6.96 billion, a PE ratio of 8.63 and a beta of 1.58.
ADT Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.77%. ADT's payout ratio is currently 41.51%.
About ADT
(
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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