ADT Inc. (NYSE:ADT) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in shares of ADT Inc. (NYSE:ADT) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the 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 owned about 0.29% of ADT worth $18,105,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ADT in the fourth quarter worth about $73,000. Chicago Partners Investment Group LLC acquired a new position in ADT in the 4th quarter worth approximately $74,000. Capstone Investment Advisors LLC purchased a new position in ADT during the 3rd quarter worth approximately $76,000. KBC Group NV raised its stake 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 valued at $76,000 after purchasing an additional 3,375 shares during the period. Finally, Claro Advisors LLC purchased a new stake in shares of ADT in the fourth quarter valued at $88,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of ADT in a report on Wednesday, January 29th.

ADT Price Performance

Shares of NYSE:ADT opened at $7.91 on Thursday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 8.59 and a beta of 1.58. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $7.33.

ADT Dividend Announcement

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

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.