Abich Financial Wealth Management LLC Takes $70,000 Position in ADT Inc. (NYSE:ADT)

Abich Financial Wealth Management LLC purchased a new position in shares of ADT Inc. (NYSE:ADT) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 9,685 shares of the security and automation business’s stock, valued at approximately $70,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of ADT during the second quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT during the 2nd quarter valued at $30,000. Duncker Streett & Co. Inc. bought a new stake in ADT during the 2nd quarter worth $38,000. Diversify Advisory Services LLC acquired a new position in ADT in the 2nd quarter worth about $76,000. Finally, TFB Advisors LLC bought a new position in ADT in the first quarter valued at about $77,000. 87.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday.

ADT Stock Down 0.9 %

NYSE ADT traded down $0.07 on Tuesday, hitting $7.30. 1,850,767 shares of the company were exchanged, compared to its average volume of 5,246,975. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. The company has a market cap of $6.73 billion, a PE ratio of 10.54 and a beta of 1.53. The stock has a fifty day moving average of $7.19 and a 200-day moving average of $7.17. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $8.25.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts forecast that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is presently 31.43%.

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.