Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of ADT Inc. (NYSE:ADT – Free Report) by 27.3% during the second quarter, Holdings Channel reports. The fund owned 1,236,727 shares of the security and automation business’s stock after acquiring an additional 265,503 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ADT were worth $10,475,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares during the period. Poinciana Advisors Group LLC increased its stake in ADT by 9.1% in the second quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock valued at $149,000 after purchasing an additional 1,470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in ADT by 4.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,189 shares of the security and automation business’s stock worth $349,000 after buying an additional 1,607 shares during the period. Northwest Wealth Management LLC boosted its stake in ADT by 16.5% in the 2nd quarter. Northwest Wealth Management LLC now owns 12,495 shares of the security and automation business’s stock worth $106,000 after buying an additional 1,769 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in ADT by 13.5% in the 2nd quarter. Atria Investments Inc now owns 15,119 shares of the security and automation business’s stock worth $128,000 after buying an additional 1,803 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Stock Down 1.1%
Shares of NYSE ADT opened at $7.89 on Thursday. The stock has a fifty day moving average price of $8.55 and a 200 day moving average price of $8.49. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. ADT Inc. has a 12-month low of $6.71 and a 12-month high of $8.94. The company has a market cap of $6.46 billion, a P/E ratio of 11.43 and a beta of 1.00.
ADT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 annualized dividend and a yield of 2.8%. ADT’s dividend payout ratio (DPR) is 31.88%.
Wall Street Analyst Weigh In
ADT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley upped their price target on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Citigroup increased their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of ADT in a research note on Thursday, November 13th. Finally, Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, ADT presently has a consensus rating of “Hold” and an average price target of $9.38.
Read Our Latest Analysis on ADT
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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