The Home Depot, Inc. (NYSE:HD) Shares Purchased by Albion Financial Group UT

Albion Financial Group UT lifted its position in The Home Depot, Inc. (NYSE:HD) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,712 shares of the home improvement retailer’s stock after acquiring an additional 511 shares during the period. Home Depot makes up 1.8% of Albion Financial Group UT’s portfolio, making the stock its 15th largest position. Albion Financial Group UT’s holdings in Home Depot were worth $25,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HD. West Branch Capital LLC boosted its stake in Home Depot by 5.6% during the fourth quarter. West Branch Capital LLC now owns 12,930 shares of the home improvement retailer’s stock worth $5,029,000 after buying an additional 689 shares during the last quarter. MBM Wealth Consultants LLC boosted its stake in Home Depot by 1.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 4,482 shares of the home improvement retailer’s stock worth $1,741,000 after buying an additional 69 shares during the last quarter. Dakota Wealth Management boosted its stake in Home Depot by 14.0% during the fourth quarter. Dakota Wealth Management now owns 76,391 shares of the home improvement retailer’s stock worth $29,715,000 after buying an additional 9,403 shares during the last quarter. XML Financial LLC boosted its stake in Home Depot by 1.1% during the fourth quarter. XML Financial LLC now owns 7,282 shares of the home improvement retailer’s stock worth $2,833,000 after buying an additional 76 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Home Depot by 16.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 354,322 shares of the home improvement retailer’s stock worth $137,828,000 after buying an additional 48,939 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 1.1 %

NYSE:HD opened at $414.46 on Friday. The stock has a 50-day simple moving average of $406.83 and a 200-day simple moving average of $389.47. The stock has a market cap of $411.71 billion, a P/E ratio of 28.16, a P/E/G ratio of 4.41 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.81 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HD shares. Wells Fargo & Company boosted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.