ADT Inc. (NYSE:ADT) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its position in shares of ADT Inc. (NYSE:ADT) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,565 shares of the security and automation business’s stock after purchasing an additional 3,852 shares during the quarter. EP Wealth Advisors LLC’s holdings in ADT were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Brevan Howard Capital Management LP boosted its stake in shares of ADT by 132.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 396,000 shares of the security and automation business’s stock worth $2,736,000 after acquiring an additional 225,664 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of ADT by 133.1% in the fourth quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business’s stock worth $383,000 after buying an additional 31,610 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of ADT in the fourth quarter worth $172,000. Bank of America Corp DE boosted its position in shares of ADT by 48.8% in the fourth quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business’s stock worth $11,348,000 after buying an additional 538,939 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of ADT by 22.1% in the fourth quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business’s stock worth $3,157,000 after buying an additional 82,623 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the transaction, the insider now directly owns 228,650,366 shares in the company, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

ADT Price Performance

ADT opened at $8.38 on Thursday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 9.11 and a beta of 1.29. ADT Inc. has a 1 year low of $6.53 and a 1 year high of $8.71. 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 stock has a fifty day moving average price of $7.93 and a 200 day moving average price of $7.58.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. Analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.63%. ADT’s payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADT. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research report on Monday, April 21st.

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.