Charles Schwab Investment Management Inc. Acquires 609,842 Shares of ADT Inc. (NYSE:ADT)

Charles Schwab Investment Management Inc. boosted its stake in shares of ADT Inc. (NYSE:ADT) by 13.1% in the fourth quarter, Holdings Channel reports. The firm owned 5,259,189 shares of the security and automation business’s stock after acquiring an additional 609,842 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ADT were worth $36,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in ADT in the 4th quarter valued at approximately $73,000. Chicago Partners Investment Group LLC acquired a new stake in ADT during the 4th quarter valued at $74,000. Capstone Investment Advisors LLC acquired a new stake in ADT during the 3rd quarter valued at $76,000. KBC Group NV lifted its position in ADT by 46.9% during the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of ADT in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Performance

Shares of NYSE ADT opened at $7.47 on Friday. The stock has a market capitalization of $6.54 billion, a PE ratio of 8.11 and a beta of 1.58. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39. The stock has a 50 day moving average price of $7.46 and a 200 day moving average price of $7.32. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued 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 2.95%. ADT’s payout ratio is 41.51%.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

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.