Avantax Advisory Services Inc. Sells 4,354 Shares of ADT Inc. (NYSE:ADT)

Avantax Advisory Services Inc. lessened its holdings in shares of ADT Inc. (NYSE:ADT) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,737 shares of the security and automation business’s stock after selling 4,354 shares during the quarter. Avantax Advisory Services Inc.’s holdings in ADT were worth $102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of ADT by 11.7% during the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock worth $238,906,000 after acquiring an additional 3,632,502 shares during the period. Geode Capital Management LLC boosted its position in ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after purchasing an additional 1,543,677 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ADT by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business’s stock valued at $37,757,000 after purchasing an additional 961,785 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ADT by 13.1% in the fourth 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 during the period. Finally, State Street Corp lifted its stake in shares of ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock worth $48,060,000 after buying an additional 457,918 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT stock opened at $8.23 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 8.94 and a beta of 1.58. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.39. The company has a 50-day simple moving average of $7.62 and a two-hundred day simple moving average of $7.37.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.67%. ADT’s payout ratio is 41.51%.

Analysts Set New Price Targets

A number of brokerages recently commented on ADT. Morgan Stanley upped their price target on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th.

ADT 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.