OMNI 360 Wealth Inc. Has $156,000 Stock Position in ADT Inc. $ADT

OMNI 360 Wealth Inc. boosted its position in shares of ADT Inc. (NYSE:ADT) by 45.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,470 shares of the security and automation business’s stock after purchasing an additional 5,748 shares during the quarter. OMNI 360 Wealth Inc.’s holdings in ADT were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc bought a new stake in shares of ADT during the first quarter worth approximately $35,000. True Wealth Design LLC acquired a new stake in ADT during the 4th quarter worth $36,000. AlphaQuest LLC raised its position in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after acquiring an additional 2,370 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of ADT in the 1st quarter valued at $74,000. Finally, Northwest Wealth Management LLC bought a new position in shares of ADT in the 1st quarter worth $87,000. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

ADT has been the subject of a number of research reports. Zacks Research raised ADT to a “strong-buy” rating in a research note on Tuesday, August 12th. Morgan Stanley increased their price objective 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 boosted their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of ADT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.34.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the transaction, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

ADT Stock Performance

Shares of NYSE:ADT opened at $8.81 on Monday. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.89. The company’s 50 day moving average price is $8.57 and its two-hundred day moving average price is $8.26. The firm has a market cap of $7.32 billion, a PE ratio of 13.35 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. ADT’s dividend payout ratio (DPR) is 33.33%.

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.