69,793 Shares in ADT Inc. (NYSE:ADT) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,793 shares of the security and automation business's stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADT. Vanguard Group Inc. raised its stake in shares of ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the period. Pacer Advisors Inc. grew its stake in shares of 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 valued at $238,906,000 after acquiring an additional 3,632,502 shares in the last quarter. Norges Bank purchased a new stake in shares of ADT during the fourth quarter worth about $153,824,000. Geode Capital Management LLC boosted its holdings in ADT by 17.0% in the fourth quarter. Geode Capital Management LLC now owns 6,876,443 shares of the security and automation business's stock valued at $47,529,000 after purchasing an additional 1,001,303 shares during the last quarter. Finally, State Street Corp grew its stake in ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock valued at $48,060,000 after purchasing an additional 457,918 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Price Performance

ADT stock traded down $0.29 during mid-day trading on Thursday, hitting $7.67. 5,221,666 shares of the company were exchanged, compared to its average volume of 7,393,503. The business has a fifty day moving average of $7.73 and a 200 day moving average of $7.43. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.39. The company has a market capitalization of $6.73 billion, a PE ratio of 8.33 and a beta of 1.42.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, March 13th. ADT's dividend payout ratio is currently 41.51%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Morgan Stanley lifted their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research report 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.