American Century Companies Inc. Has $3.34 Million Holdings in ADT Inc. $ADT

American Century Companies Inc. lessened its holdings in ADT Inc. (NYSE:ADT) by 35.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 393,866 shares of the security and automation business’s stock after selling 220,023 shares during the quarter. American Century Companies Inc.’s holdings in ADT were worth $3,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in ADT by 11.6% in the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after buying an additional 5,160,835 shares during the period. Headlands Technologies LLC raised its position in shares of ADT by 229.2% during the 1st quarter. Headlands Technologies LLC now owns 29,735 shares of the security and automation business’s stock valued at $242,000 after acquiring an additional 20,702 shares during the last quarter. Swiss National Bank lifted its stake in shares of ADT by 11.9% in the 1st quarter. Swiss National Bank now owns 660,521 shares of the security and automation business’s stock valued at $5,377,000 after purchasing an additional 70,500 shares during the period. Nuveen LLC acquired a new position in shares of ADT in the 1st quarter valued at $9,105,000. Finally, Russell Investments Group Ltd. boosted its position in shares of ADT by 38.3% in the 1st quarter. Russell Investments Group Ltd. now owns 649,167 shares of the security and automation business’s stock worth $5,284,000 after purchasing an additional 179,666 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Stock Performance

ADT stock opened at $8.02 on Tuesday. ADT Inc. has a 1-year low of $6.71 and a 1-year high of $8.94. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The firm has a market cap of $6.57 billion, a PE ratio of 11.62 and a beta of 0.94. The business’s 50-day moving average price is $8.38 and its two-hundred day moving average price is $8.46.

ADT (NYSE:ADT) last announced its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $1.31 billion during the quarter. ADT had a return on equity of 18.96% and a net margin of 12.52%. As a group, research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 11th. ADT’s dividend payout ratio is presently 31.88%.

Analyst Ratings Changes

A number of research firms recently commented on ADT. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “buy (b-)” rating on shares of ADT in a research report on Monday, December 1st. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.38.

ADT Company 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.