Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of ADT Inc. (NYSE:ADT – Free Report) by 14.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,413,464 shares of the security and automation business’s stock after acquiring an additional 176,737 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of ADT worth $12,311,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ADT. Osaic Holdings Inc. increased its holdings in ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares in the last quarter. WPG Advisers LLC boosted its position in shares of ADT by 54.3% during the third quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock worth $36,000 after buying an additional 1,440 shares during the period. Poinciana Advisors Group LLC grew its holdings in shares of ADT by 9.1% during the second quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock worth $149,000 after buying an additional 1,470 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in ADT by 4.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,189 shares of the security and automation business’s stock valued at $349,000 after buying an additional 1,607 shares during the last quarter. 87.22% of the stock is owned by institutional investors.
ADT Stock Performance
ADT opened at $8.01 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99. ADT Inc. has a 12-month low of $7.28 and a 12-month high of $8.94. The business has a 50 day moving average of $8.11 and a 200-day moving average of $8.41. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 11.60 and a beta of 0.94.
ADT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 11th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. ADT’s payout ratio is presently 31.88%.
Wall Street Analysts Forecast Growth
ADT has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Zacks Research cut shares of ADT from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley lowered their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.25.
Read Our Latest Stock Analysis on ADT
About ADT
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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