Burkehill Global Management LP acquired a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000,000 shares of the security and automation business's stock, valued at approximately $13,820,000. ADT accounts for about 1.3% of Burkehill Global Management LP's investment portfolio, making the stock its 24th largest holding. Burkehill Global Management LP owned about 0.22% of ADT at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ADT during the 4th quarter valued at $73,000. Chicago Partners Investment Group LLC purchased a new stake in ADT during the fourth quarter valued at $74,000. Capstone Investment Advisors LLC bought a new position in ADT in the third quarter valued at about $76,000. KBC Group NV boosted its position in ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business's stock worth $76,000 after purchasing an additional 3,375 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of ADT during the 3rd quarter valued at about $78,000. Hedge funds and other institutional investors own 87.22% of the company's stock.
Several equities analysts have recently weighed in on the stock. 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 note 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 report on Wednesday, January 29th.
Read Our Latest Stock Analysis on ADT
NYSE:ADT opened at $7.53 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $7.32. The firm has a market capitalization of $6.60 billion, a PE ratio of 8.18 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.92%. ADT's dividend payout ratio (DPR) is presently 41.51%.
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.
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