William Blair Investment Management LLC Decreases Stake in ADT Inc. (NYSE:ADT)

William Blair Investment Management LLC reduced its holdings in ADT Inc. (NYSE:ADT - Free Report) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,620,188 shares of the security and automation business's stock after selling 468,876 shares during the quarter. William Blair Investment Management LLC owned about 0.29% of ADT worth $18,105,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ADT. Pacer Advisors Inc. raised its holdings in ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after purchasing an additional 3,632,502 shares during the last quarter. State Street Corp increased its position in shares of ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock valued at $48,060,000 after buying an additional 457,918 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after buying an additional 1,543,677 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of ADT by 21.4% during the 4th quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business's stock worth $37,757,000 after buying an additional 961,785 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ADT by 13.1% in 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 in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

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ADT Trading Up 4.2 %

ADT traded up $0.33 during trading on Monday, hitting $8.11. The company's stock had a trading volume of 12,554,430 shares, compared to its average volume of 6,589,432. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.39. The stock has a market cap of $7.10 billion, a PE ratio of 8.81 and a beta of 1.58. The firm's 50 day moving average price is $7.53 and its 200-day moving average price is $7.34. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, March 13th. ADT's payout ratio is 41.51%.

Analysts Set New Price Targets

ADT has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of 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 reissued a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th.

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.