JPMorgan Chase & Co. Sells 73,955 Shares of ADT Inc. (NYSE:ADT)

JPMorgan Chase & Co. decreased its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 410,814 shares of the security and automation business's stock after selling 73,955 shares during the period. JPMorgan Chase & Co.'s holdings in ADT were worth $2,839,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ADT. Geode Capital Management LLC grew its position in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock valued at $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. Sei Investments Co. raised its position in shares of ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after buying an additional 223,922 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares during the period. Janney Montgomery Scott LLC grew its position in ADT by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock worth $904,000 after buying an additional 41,682 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in ADT by 62.2% during the fourth quarter. Prudential Financial Inc. now owns 873,634 shares of the security and automation business's stock valued at $6,037,000 after acquiring an additional 335,050 shares during the period. 87.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADT has been the subject of a number of research reports. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research note on Monday.

ADT Stock Up 2.4 %

Shares of ADT opened at $7.87 on Wednesday. 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 50-day moving average price of $7.78 and a two-hundred day moving average price of $7.47. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 8.55 and a beta of 1.42. ADT Inc. has a 12 month low of $6.23 and a 12 month high of $8.39.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.80%. ADT's dividend payout ratio (DPR) is presently 41.51%.

About ADT

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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