Treasurer of the State of North Carolina Raises Stake in ADT Inc (NYSE:ADT)

Treasurer of the State of North Carolina boosted its position in ADT Inc (NYSE:ADT) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,596 shares of the security and automation business’s stock after buying an additional 3,100 shares during the period. Treasurer of the State of North Carolina’s holdings in ADT were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in ADT by 4.5% in the second quarter. Vanguard Group Inc. now owns 9,474,323 shares of the security and automation business’s stock valued at $57,984,000 after buying an additional 407,803 shares during the last quarter. BlackRock Inc. boosted its position in ADT by 42.8% in the second quarter. BlackRock Inc. now owns 6,937,632 shares of the security and automation business’s stock valued at $42,457,000 after buying an additional 2,080,281 shares during the last quarter. Bank of New York Mellon Corp boosted its position in ADT by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 1,583,755 shares of the security and automation business’s stock valued at $9,692,000 after buying an additional 51,887 shares during the last quarter. Bank of America Corp DE boosted its position in ADT by 170.8% in the second quarter. Bank of America Corp DE now owns 1,583,601 shares of the security and automation business’s stock valued at $9,691,000 after buying an additional 998,857 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in ADT by 8.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,310,568 shares of the security and automation business’s stock valued at $8,375,000 after buying an additional 97,268 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

ADT stock opened at $6.58 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 2.44. ADT Inc has a 12 month low of $4.25 and a 12 month high of $8.39. The stock’s 50 day simple moving average is $5.68 and its two-hundred day simple moving average is $6.04. The firm has a market cap of $4.63 billion, a PE ratio of -41.13 and a beta of 2.28.



ADT (NYSE:ADT) last released its quarterly earnings data on Tuesday, August 6th. The security and automation business reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). ADT had a negative return on equity of 1.75% and a negative net margin of 11.42%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities research analysts forecast that ADT Inc will post 0.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, September 10th. ADT’s payout ratio is -87.50%.

A number of equities research analysts recently commented on the company. Imperial Capital dropped their target price on ADT from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada set a $10.00 price objective on ADT and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research lowered ADT from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, ValuEngine upgraded ADT from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.71.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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