Insider Buying: ADT Corporation Insider Acquires 1,000 Shares of Stock (ADT)
ADT Corporation (NYSE:ADT) Insider Luis J. Orbegoso acquired 1,000 shares of ADT Corporation stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $29.90 per share, with a total value of $29,900.00. Following the completion of the purchase, the insider now directly owns 6,721 shares of the company’s stock, valued at approximately $200,958. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ADT. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.71.
ADT Corporation (NYSE:ADT) traded down 1.36% during mid-day trading on Wednesday, hitting $29.79. 3,845,735 shares of the company’s stock traded hands. ADT Corporation has a 1-year low of $28.65 and a 1-year high of $50.37. The stock has a 50-day moving average of $38.38 and a 200-day moving average of $40.4. The company has a market cap of $5.461 billion and a P/E ratio of 16.42.
ADT Corporation (NYSE:ADT) last issued its quarterly 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 declared a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, January 27th. This is an increase from ADT Corporation’s previous quarterly dividend of $0.13.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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