Alliancebernstein L.P. Sells 825,810 Shares of ADT Inc. (NYSE:ADT)

Alliancebernstein L.P. decreased its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,881,707 shares of the security and automation business's stock after selling 825,810 shares during the quarter. Alliancebernstein L.P. owned approximately 1.97% of ADT worth $123,563,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position 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 period. BNP Paribas Financial Markets boosted its stake in ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business's stock valued at $1,416,000 after acquiring an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 609,842 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 100,134 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after purchasing an additional 41,682 shares during the period. 87.22% of the stock is currently owned by institutional investors.

ADT Trading Down 2.6 %

Shares of ADT traded down $0.21 during trading hours on Monday, reaching $7.78. The stock had a trading volume of 20,146,891 shares, compared to its average volume of 7,266,358. The firm has a 50-day moving average of $7.72 and a 200 day moving average of $7.42. 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 company has a market cap of $6.81 billion, a P/E ratio of 8.45 and a beta of 1.42. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, March 13th. ADT's dividend payout ratio (DPR) is presently 41.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research note on Friday. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.

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.