WBI Investments LLC Sells 379,937 Shares of ADT Inc. $ADT

WBI Investments LLC reduced its position in shares of ADT Inc. (NYSE:ADT) by 76.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,450 shares of the security and automation business’s stock after selling 379,937 shares during the quarter. WBI Investments LLC’s holdings in ADT were worth $995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of ADT by 69.5% during the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares in the last quarter. Poinciana Advisors Group LLC boosted its stake in shares of ADT by 9.1% during the 2nd quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock worth $149,000 after purchasing an additional 1,470 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of 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 valued at $349,000 after buying an additional 1,607 shares during the last quarter. Northwest Wealth Management LLC grew its position 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 valued at $106,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of ADT by 13.5% in the second quarter. Atria Investments Inc now owns 15,119 shares of the security and automation business’s stock worth $128,000 after purchasing an additional 1,803 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADT. Wall Street Zen lowered shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley lifted their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Zacks Research lowered ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ADT in a report on Thursday. Finally, Citigroup raised their target price on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Stock Performance

Shares of ADT stock opened at $8.03 on Tuesday. The company has a market capitalization of $6.58 billion, a P/E ratio of 11.63 and a beta of 1.00. The business’s 50 day moving average is $8.58 and its two-hundred day moving average is $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.

ADT (NYSE:ADT) last posted its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The business had revenue of $1.31 billion during the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. Analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The business 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 dividend of $0.055 per share. The ex-dividend date is Thursday, December 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. ADT’s dividend payout ratio is currently 31.88%.

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.