2 weeks Ago By ABMN Staff
Geode Capital Management LLC raised its holdings in ADT Inc. ( NYSE:ADT – Free Report ) by 17.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 6,876,443 shares of the security and automation business’s stock after acquiring an additional 1,001,303 shares during the quarter. Geode Capital Management LLC’s holdings in ADT were worth $47,529,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also bought and sold shares of ADT.
Sei Investments Co. grew its holdings in shares of ADT by 1,132.1% in the fourth quarter.
Sei Investments Co. now owns 243,702 shares of the security and automation business’s stock worth $1,684,000 after purchasing an additional 223,922 shares during the last quarter. Charles Schwab Investment Management Inc.
boosted its position in ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after buying an additional 609,842 shares during the period. JPMorgan Chase & Co. grew its stake in ADT by 26.
0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after acquiring an additional 100,134 shares in the last quarter.
Janney Montgomery Scott LLC increased its position in shares of ADT by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock worth $904,000 after acquiring an additional 41,682 shares during the period.
Finally, Norges Bank bought a new stake in shares of ADT during the fourth quarter valued at approximately $153,824,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
Wall Street Analysts Forecast Growth Several brokerages recently issued reports on ADT. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th.
Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.
ADT Price Performance Shares of ADT opened at $8.05 on Tuesday. The company has a debt-to-equity ratio of 1.
93, a quick ratio of 0.64 and a current ratio of 0.81.
The company has a 50 day moving average price of $7.74 and a 200-day moving average price of $7.44.
ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.
39. The stock has a market capitalization of $7.06 billion, a PE ratio of 8.
75 and a beta of 1.42. ADT Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd.
Shareholders of record on Thursday, March 13th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, March 13th.
This represents a $0.22 dividend on an annualized basis and a yield of 2.73%.
ADT’s dividend payout ratio is currently 41.51%. About ADT ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ADT? Visit HoldingsChannel.
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