Independent Portfolio Consultants Lowers stake in ADT Corp (ADT)

ADT Corp (ADT) : Independent Portfolio Consultants reduced its stake in ADT Corp by 20.94% during the most recent quarter end. The investment management company now holds a total of 56,923 shares of ADT Corp which is valued at $2,374,258 after selling 15,080 shares in ADT Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.ADT Corp makes up approximately 0.66% of Independent Portfolio Consultants’s portfolio.

ADT Corp opened for trading at $41.69 and hit $41.78 on the upside on Monday, eventually ending the session at $41.76, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 43,72,344 shares. Company has a market cap of $6,903 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in ADT by selling 125 shares or 8.85% in the most recent quarter. The Hedge Fund company now holds 1,287 shares of ADT which is valued at $53,681. ADT Corp makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.Central Trust Co boosted its stake in ADT in the latest quarter, The investment management firm added 2,305 additional shares and now holds a total of 45,215 shares of ADT Corp which is valued at $1,885,918. ADT Corp makes up approx 0.15% of Central Trust Co’s portfolio.Catawba Capital Management Va reduced its stake in ADT by selling 50 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 16,468 shares of ADT which is valued at $682,599. ADT Corp makes up approx 0.18% of Catawba Capital Management Va’s portfolio.Chevy Chase Trust Holdings boosted its stake in ADT in the latest quarter, The investment management firm added 5,869 additional shares and now holds a total of 139,493 shares of ADT Corp which is valued at $5,781,985. ADT Corp makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, ADT Corp reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.46. The company had revenue of $900.00 million for the quarter, compared to analysts expectations of $906.56 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on ADT Corp. ADT Corp was Downgraded by Credit Suisse to ” Neutral” on Apr 5, 2016. ADT Corp was Downgraded by Raymond James to ” Mkt Perform” on Feb 19, 2016. Company shares were Downgraded by Imperial Capital on Feb 17, 2016 to ” In-line”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .

The ADT Corporation (ADT) is a provider of monitored security interactive home and business automation and related monitoring services in the United States and Canada. The Company’s products and services include home and business solutions and home health services. The Company’s brands include ADT and ADT Pulse. The Company’s electronic security and home or business automation offerings involve the installation and monitoring of residential and small business security and premises automation systems designed to detect intrusion control access and react to movement smoke carbon monoxide flooding temperature and other environmental conditions and hazards as well as to address personal emergencies such as injuries medical emergencies or incapacitation. The Company offers a range of alternate and back-up alarm transmission methods including cellular digital radio and broadband Internet.

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