Cannon Global Investment Management LLC bought a new position in ADT Inc. (NYSE:ADT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,500 shares of the security and automation business's stock, valued at approximately $266,000.
Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ADT in the 4th quarter valued at $73,000. Magnetar Financial LLC acquired a new position in shares of ADT in the fourth quarter worth about $73,000. Chicago Partners Investment Group LLC purchased a new position in shares of ADT in the fourth quarter worth approximately $74,000. Capstone Investment Advisors LLC acquired a new stake in shares of ADT during the third quarter valued at approximately $76,000. Finally, Claro Advisors LLC acquired a new stake in shares of ADT during the fourth quarter valued at approximately $88,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Stock Up 1.4 %
ADT traded up $0.11 on Tuesday, reaching $8.19. 21,340,073 shares of the company traded hands, compared to its average volume of 6,596,529. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 8.90 and a beta of 1.58. The stock's 50 day moving average price is $7.56 and its 200-day moving average price is $7.35.
ADT Dividend Announcement
The company also recently announced 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. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.69%. ADT's dividend payout ratio (DPR) is currently 41.51%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on ADT. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. 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 report on Thursday, December 12th.
Get Our Latest Report on ADT
ADT 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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