Marietta Wealth Management LLC Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Marietta Wealth Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,614 shares of the home improvement retailer’s stock after selling 64 shares during the quarter. Home Depot comprises 1.5% of Marietta Wealth Management LLC’s portfolio, making the stock its 17th largest position. Marietta Wealth Management LLC’s holdings in Home Depot were worth $10,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HD. China Universal Asset Management Co. Ltd. raised its holdings in Home Depot by 8.7% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 17,854 shares of the home improvement retailer’s stock worth $6,945,000 after purchasing an additional 1,422 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Home Depot by 4.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,388 shares of the home improvement retailer’s stock valued at $2,861,000 after acquiring an additional 315 shares during the period. New Millennium Group LLC boosted its stake in Home Depot by 22.8% during the fourth quarter. New Millennium Group LLC now owns 2,875 shares of the home improvement retailer’s stock worth $1,118,000 after acquiring an additional 533 shares in the last quarter. Everett Harris & Co. CA grew its stake in shares of Home Depot by 1.2% in the 4th quarter. Everett Harris & Co. CA now owns 105,153 shares of the home improvement retailer’s stock worth $40,903,000 after buying an additional 1,215 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its stake in Home Depot by 74.3% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 3,772 shares of the home improvement retailer’s stock valued at $1,467,000 after buying an additional 1,608 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $411.86 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The business has a 50-day moving average price of $407.86 and a 200-day moving average price of $392.62. The firm has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HD shares. Bank of America raised their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Sanford C. Bernstein began coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Finally, Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.00.

About Home Depot

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.