Kingsview Wealth Management LLC Purchases New Position in ADT Inc. (NYSE:ADT)

Kingsview Wealth Management LLC acquired a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 359,103 shares of the security and automation business’s stock, valued at approximately $2,481,000.

Several other large investors have also bought and sold shares of ADT. Geode Capital Management LLC lifted its stake in shares of ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after purchasing an additional 1,543,677 shares during the period. BNP Paribas Financial Markets lifted its position in ADT by 911.6% during 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 buying an additional 176,454 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of ADT by 20.3% during the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after buying an additional 5,222,972 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ADT by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after buying an additional 100,134 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of ADT in the 3rd quarter worth about $339,000. 87.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ADT has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

ADT Stock Down 0.1 %

Shares of ADT stock opened at $7.53 on Monday. The company has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $7.29. The stock has a market capitalization of $6.83 billion, a PE ratio of 8.18 and a beta of 1.50. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.25. 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 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.