KCS Wealth Advisory grew its holdings in shares of Home Depot Inc (NYSE:HD) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,617 shares of the home improvement retailer’s stock after purchasing an additional 94 shares during the period. KCS Wealth Advisory’s holdings in Home Depot were worth $571,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hilltop Holdings Inc. boosted its stake in shares of Home Depot by 36.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock worth $1,706,000 after acquiring an additional 2,204 shares in the last quarter. Institutional & Family Asset Management LLC lifted its stake in Home Depot by 22.5% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 1,063 shares of the home improvement retailer’s stock valued at $221,000 after buying an additional 195 shares in the last quarter. Grassi Investment Management lifted its stake in Home Depot by 0.3% in the 4th quarter. Grassi Investment Management now owns 38,492 shares of the home improvement retailer’s stock valued at $8,406,000 after buying an additional 134 shares in the last quarter. Brick & Kyle Associates lifted its stake in Home Depot by 2.2% in the 3rd quarter. Brick & Kyle Associates now owns 14,119 shares of the home improvement retailer’s stock valued at $3,343,000 after buying an additional 308 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Home Depot by 0.5% in the 2nd quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.
In related news, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,552 shares of company stock valued at $26,765,281. 0.27% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the company. Bank of America reaffirmed a “hold” rating and issued a $235.00 target price on shares of Home Depot in a research note on Wednesday, November 20th. Loop Capital reaffirmed a “hold” rating and issued a $200.00 target price on shares of Home Depot in a research note on Thursday, December 12th. They noted that the move was a valuation call. DZ Bank lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research note on Tuesday, October 8th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $255.00 target price on shares of Home Depot in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company. Home Depot presently has an average rating of “Buy” and an average price target of $237.31.
HD stock opened at $224.59 on Thursday. The company has a market cap of $243.05 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.97 and a beta of 1.00. The business has a fifty day simple moving average of $218.89 and a 200-day simple moving average of $222.23. Home Depot Inc has a 52 week low of $172.00 and a 52 week high of $239.31.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, hitting analysts’ consensus estimates of $2.53. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.51 EPS. As a group, equities analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $1.36 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 annualized dividend and a yield of 2.42%. Home Depot’s dividend payout ratio is currently 55.01%.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Read More: The limitations of an equal weight rating
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.