ADT Inc. (NYSE:ADT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,555,115 shares of the security and automation business's stock after purchasing an additional 7,610,709 shares during the quarter. Vanguard Group Inc. owned approximately 4.91% of ADT worth $307,876,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after purchasing an additional 1,543,677 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of ADT by 911.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business's stock valued at $1,416,000 after buying an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 in the last quarter. JPMorgan Chase & Co. lifted its position in ADT by 26.0% in the third 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 boosted its stake in ADT by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after acquiring an additional 41,682 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Stock Performance

Shares of NYSE ADT traded down $0.26 during midday trading on Tuesday, reaching $7.52. 17,920,153 shares of the company were exchanged, compared to its average volume of 7,322,868. The stock has a market cap of $6.59 billion, a P/E ratio of 8.17 and a beta of 1.42. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The stock has a fifty day simple moving average of $7.72 and a 200 day simple moving average of $7.42. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, March 13th. ADT's payout ratio is currently 41.51%.

Analysts Set New Price Targets

ADT has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $7.00 to $9.00 in a research note on Friday. Finally, 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.

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.