Beacon Pointe Advisors LLC Lowers Stake in ADT Inc. (NYSE:ADT)

Beacon Pointe Advisors LLC cut its stake in ADT Inc. (NYSE:ADT) by 50.0% in the 4th quarter, Holdings Channel reports. The fund owned 122,529 shares of the security and automation business’s stock after selling 122,730 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in ADT were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADT. Norges Bank purchased a new position in shares of ADT in the 4th quarter worth about $153,824,000. Vanguard Group Inc. boosted its stake in ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after buying an additional 7,610,709 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ADT by 31.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock valued at $148,246,000 after acquiring an additional 5,089,056 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares in the last quarter. Finally, Burkehill Global Management LP bought a new stake in shares of ADT in the 4th quarter worth approximately $13,820,000. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

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

ADT Trading Up 1.6 %

NYSE:ADT opened at $8.14 on Friday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 8.85 and a beta of 1.29. ADT Inc. has a 52 week low of $6.53 and a 52 week high of $8.39. 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 fifty day moving average of $7.86 and a 200 day moving average of $7.52.

ADT (NYSE:ADT) last posted its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $0.16 earnings per share. ADT’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.70%. ADT’s dividend payout ratio (DPR) is presently 37.93%.

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.