Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $670,000 Stock Position in ADT Inc. (NYSE:ADT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in ADT Inc. (NYSE:ADTGet Rating) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,399 shares of the security and automation business’s stock after selling 15,209 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in ADT were worth $670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ADT. Vanguard Group Inc. grew its stake in shares of ADT by 26.3% in the first quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business’s stock worth $141,029,000 after acquiring an additional 3,864,889 shares during the last quarter. State Street Corp grew its stake in shares of ADT by 66.8% in the second quarter. State Street Corp now owns 4,591,616 shares of the security and automation business’s stock worth $28,334,000 after acquiring an additional 1,838,765 shares during the last quarter. Lapides Asset Management LLC grew its stake in shares of ADT by 319.5% in the second quarter. Lapides Asset Management LLC now owns 860,300 shares of the security and automation business’s stock worth $5,291,000 after acquiring an additional 655,200 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of ADT in the second quarter worth $4,275,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ADT in the second quarter worth $1,814,000. Institutional investors and hedge funds own 96.76% of the company’s stock.

ADT Stock Up 0.6 %

ADT opened at $8.78 on Friday. ADT Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $10.10. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.51 and a quick ratio of 0.35. The firm’s fifty day moving average price is $9.29 and its two-hundred day moving average price is $8.36. The company has a market capitalization of $8.02 billion, a P/E ratio of -219.50 and a beta of 1.79.

ADT (NYSE:ADTGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The security and automation business reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. ADT had a positive return on equity of 1.66% and a negative net margin of 0.59%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the business earned ($0.07) earnings per share. On average, analysts anticipate that ADT Inc. will post 0.45 EPS for the current year.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.59%. ADT’s payout ratio is presently -350.00%.

Insider Buying and Selling at ADT

In other ADT news, EVP Daniel Bresingham sold 257,959 shares of ADT stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $9.60, for a total transaction of $2,476,406.40. Following the completion of the transaction, the executive vice president now directly owns 1,776,114 shares of the company’s stock, valued at $17,050,694.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating and set a $11.00 price target on shares of ADT in a research note on Thursday, December 1st. Morgan Stanley assumed coverage on shares of ADT in a research note on Monday, October 31st. They set an “equal weight” rating and a $8.00 price target on the stock.

About ADT

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ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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