EP Wealth Advisors LLC Takes $200,000 Position in ADT Inc. (NYSE:ADT)

EP Wealth Advisors LLC bought a new position in ADT Inc. (NYSE:ADT) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 27,713 shares of the security and automation business’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in ADT by 20.3% during the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock worth $223,707,000 after purchasing an additional 5,222,972 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of ADT by 911.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after buying an additional 176,454 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of ADT in the 2nd quarter worth $3,226,000. The Manufacturers Life Insurance Company grew its position in ADT by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock valued at $1,299,000 after acquiring an additional 6,078 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in ADT during the second quarter worth about $1,143,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Price Performance

ADT stock opened at $7.20 on Friday. The stock has a 50-day simple moving average of $7.38 and a 200-day simple moving average of $7.35. The firm has a market cap of $6.53 billion, a P/E ratio of 7.83 and a beta of 1.49. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a 1 year low of $6.02 and a 1 year high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.07 earnings per share. ADT’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 3.06%. ADT’s dividend payout ratio is currently 23.91%.

Analyst Upgrades and Downgrades

ADT has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

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.