Insider Buying: ADT Corporation Insider Acquires 1,000 Shares of Stock (ADT)
ADT Corporation (NYSE:ADT) Insider Alan Ferber acquired 1,000 shares of ADT Corporation stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $29.81 per share, for a total transaction of $29,810.00. Following the completion of the acquisition, the insider now directly owns 16,866 shares in the company, valued at approximately $502,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ADT Corporation (NYSE:ADT) traded down 1.36% during mid-day trading on Wednesday, hitting $29.79. The stock had a trading volume of 3,845,935 shares. ADT Corporation has a 52-week low of $28.65 and a 52-week high of $50.37. The stock’s 50-day moving average is $38.38 and its 200-day moving average is $40.4. The company has a market cap of $5.461 billion and a price-to-earnings ratio of 16.42.
ADT Corporation (NYSE:ADT) last released its earnings data on Thursday, January 30th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.06. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $849.50 million. On average, analysts predict that ADT Corporation will post $1.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, January 27th. This is an increase from ADT Corporation’s previous quarterly dividend of $0.13.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ADT Corporation in a research note to investors on Tuesday. They now have a $32.00 price target on the stock. Separately, analysts at R. F. Lafferty cut their price target on shares of ADT Corporation from $55.00 to $39.00 in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of ADT Corporation from $40.00 to $35.00 in a research note to investors on Friday, January 31st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. ADT Corporation currently has a consensus rating of “Hold” and an average price target of $42.71.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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