ADT Inc. (NYSE:ADT) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in ADT Inc. (NYSE:ADT) by 54.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,479 shares of the security and automation business’s stock after selling 13,630 shares during the period. ProShare Advisors LLC’s holdings in ADT were worth $87,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after purchasing an additional 3,427,575 shares during the period. Ariel Investments LLC boosted its stake in shares of ADT by 31.8% in the first quarter. Ariel Investments LLC now owns 29,579,797 shares of the security and automation business’s stock valued at $198,776,000 after purchasing an additional 7,131,950 shares during the period. Pacer Advisors Inc. purchased a new position in shares of ADT in the second quarter valued at $195,461,000. Dimensional Fund Advisors LP boosted its stake in shares of ADT by 61.5% in the second quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after purchasing an additional 4,705,544 shares during the period. Finally, LSV Asset Management boosted its stake in shares of ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock valued at $73,310,000 after purchasing an additional 6,272,974 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Down 0.6 %

NYSE ADT opened at $7.14 on Tuesday. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $7.92. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 10.20 and a beta of 1.53. The company’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $7.11.

ADT (NYSE:ADT) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, research analysts predict that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.08%. ADT’s dividend payout ratio (DPR) is 31.43%.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

About ADT

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.