Strategic Global Advisors LLC cut its stake in ADT Inc (NYSE:ADT) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,163 shares of the security and automation business’s stock after selling 8,378 shares during the period. Strategic Global Advisors LLC’s holdings in ADT were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Commonwealth Bank of Australia bought a new stake in ADT in the second quarter valued at $30,000. BNP Paribas Arbitrage SA boosted its stake in shares of ADT by 42.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,864 shares of the security and automation business’s stock valued at $37,000 after purchasing an additional 1,741 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of ADT in the 2nd quarter valued at $66,000. Machina Capital S.A.S. bought a new stake in shares of ADT in the 2nd quarter worth about $86,000. Finally, Ancora Advisors LLC bought a new stake in shares of ADT in the 2nd quarter worth about $122,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Several brokerages recently issued reports on ADT. ValuEngine raised shares of ADT from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Imperial Capital reduced their price target on shares of 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 shares of ADT and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research downgraded ADT from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $9.67.

NYSE:ADT traded down $0.12 on Wednesday, hitting $5.93. 66,906 shares of the stock were exchanged, compared to its average volume of 1,698,847. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.32 and a current ratio of 0.42. ADT Inc has a 52 week low of $4.25 and a 52 week high of $9.84. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -37.13, a P/E/G ratio of 0.84 and a beta of 2.16. The company’s 50-day moving average price is $5.22 and its 200 day moving average price is $6.20.

ADT (NYSE:ADT) last issued its earnings results on Tuesday, August 6th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.18). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a negative net margin of 11.42% and a negative return on equity of 1.75%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.07) EPS. As a group, equities research analysts predict that ADT Inc will post 0.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.14 annualized dividend and a yield of 2.36%. ADT’s dividend payout ratio is currently -87.50%.

About ADT

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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