ADT Inc. (NYSE:ADT) Shares Sold by Smith Moore & CO.

Smith Moore & CO. trimmed its position in shares of ADT Inc. (NYSE:ADT) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,230 shares of the security and automation business’s stock after selling 10,000 shares during the period. Smith Moore & CO.’s holdings in ADT were worth $444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after buying an additional 1,543,677 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after purchasing an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in ADT by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after purchasing an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock valued at $904,000 after purchasing an additional 41,682 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Stock Down 1.2 %

ADT stock opened at $7.98 on Friday. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 8.67 and a beta of 1.58. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.39. The firm has a fifty day moving average price of $7.72 and a two-hundred day moving average price of $7.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were paid a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.76%. ADT’s dividend payout ratio (DPR) is 41.51%.

Wall Street Analyst Weigh In

ADT has been the subject of a number of research analyst reports. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $7.00 to $9.00 in a research note on Friday. Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

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.