Stock Traders Purchase Large Volume of ADT Call Options (NYSE:ADT)

ADT Inc. (NYSE:ADT) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 2,612 call options on the stock. This represents an increase of approximately 696% compared to the typical volume of 328 call options.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their target price on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd.

ADT Stock Down 0.5 %

ADT stock opened at $6.93 on Thursday. The company has a 50-day simple moving average of $7.17 and a 200-day simple moving average of $7.15. The firm has a market capitalization of $6.39 billion, a P/E ratio of 9.89 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. ADT has a one year low of $5.53 and a one year high of $7.92.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, equities analysts expect that ADT will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.18%. ADT’s dividend payout ratio is presently 31.43%.

Hedge Funds Weigh In On ADT

A number of institutional investors and hedge funds have recently bought and sold shares of ADT. Acadian Asset Management LLC bought a new position in ADT in the 2nd quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new stake in ADT in the 2nd quarter valued at about $30,000. Duncker Streett & Co. Inc. acquired a new stake in ADT in the 2nd quarter valued at about $38,000. Diversify Advisory Services LLC acquired a new stake in ADT in the 2nd quarter valued at about $76,000. Finally, TFB Advisors LLC acquired a new stake in ADT in the 1st quarter valued at about $77,000. Institutional investors own 87.22% of the company’s stock.

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.