William Blair Investment Management LLC Sells 468,876 Shares of ADT Inc. (NYSE:ADT)

William Blair Investment Management LLC reduced its stake in shares of ADT Inc. (NYSE:ADT) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,620,188 shares of the security and automation business’s stock after selling 468,876 shares during the period. William Blair Investment Management LLC’s holdings in ADT were worth $18,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares during the period. Pacer Advisors Inc. boosted its holdings in ADT by 20.3% during the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after acquiring an additional 5,222,972 shares during the period. BNP Paribas Financial Markets grew its position in shares of ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after purchasing an additional 176,454 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after purchasing an additional 100,134 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of ADT by 46.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock worth $904,000 after purchasing an additional 41,682 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Up 4.3 %

Shares of ADT opened at $7.91 on Thursday. The stock’s 50-day moving average price is $7.50 and its 200 day moving average price is $7.33. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12-month low of $6.10 and a 12-month high of $8.39. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 8.59 and a beta of 1.58.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.78%. ADT’s payout ratio is 41.51%.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th.

ADT Company 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.