Inceptionr LLC Cuts Stock Position in ADT Inc. (NYSE:ADT)

Inceptionr LLC cut its holdings in shares of ADT Inc. (NYSE:ADT) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,962 shares of the security and automation business’s stock after selling 15,947 shares during the period. Inceptionr LLC’s holdings in ADT were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Forum Financial Management LP purchased a new stake in shares of ADT during the third quarter worth approximately $66,000. Commonwealth Equity Services LLC increased its stake in ADT by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock valued at $106,000 after purchasing an additional 1,784 shares during the last quarter. International Assets Investment Management LLC purchased a new position in ADT in the fourth quarter valued at approximately $140,000. Hill Investment Group Partners LLC increased its stake in ADT by 47.5% in the third quarter. Hill Investment Group Partners LLC now owns 20,965 shares of the security and automation business’s stock valued at $126,000 after purchasing an additional 6,749 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in ADT in the third quarter valued at approximately $136,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

NYSE ADT opened at $7.18 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 10.26 and a beta of 1.56. ADT Inc. has a fifty-two week low of $5.53 and a fifty-two week high of $7.60. The business has a fifty day moving average of $6.59 and a 200-day moving average of $6.51.

ADT (NYSE:ADT) last announced its earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $0.11 earnings per share. ADT’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts predict that ADT Inc. will post 0.67 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays decreased their price objective on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group increased their price objective on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a report on Thursday, February 29th.

ADT 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.