Cornercap Investment Counsel Inc. Reduces Stake in ADT Inc. (NYSE:ADT)

Cornercap Investment Counsel Inc. trimmed its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 52.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,481 shares of the security and automation business's stock after selling 88,657 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in ADT were worth $582,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in ADT by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business's stock valued at $237,930,000 after acquiring an additional 3,427,575 shares in the last quarter. Ariel Investments LLC lifted its position in shares of ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business's stock worth $230,740,000 after buying an additional 780,762 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of ADT in the 2nd quarter worth approximately $195,461,000. Dimensional Fund Advisors LP boosted its stake in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business's stock worth $93,937,000 after buying an additional 4,705,544 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business's stock valued at $73,310,000 after acquiring an additional 6,272,974 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADT has been the topic of several research analyst reports. Royal Bank of Canada boosted their price objective on ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a report on Friday, October 25th.

ADT Stock Performance

Shares of NYSE:ADT remained flat at $7.49 during mid-day trading on Friday. 5,137,235 shares of the company were exchanged, compared to its average volume of 5,416,947. ADT Inc. has a 52 week low of $5.63 and a 52 week high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $7.28. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 8.14 and a beta of 1.52.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, research analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.94%. ADT's dividend payout ratio is presently 23.91%.

ADT 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.