HCR Wealth Advisors Buys 791 Shares of The Home Depot, Inc. (NYSE:HD)

HCR Wealth Advisors increased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 11.5% during the fourth quarter, HoldingsChannel reports. The fund owned 7,645 shares of the home improvement retailer’s stock after acquiring an additional 791 shares during the quarter. HCR Wealth Advisors’ holdings in Home Depot were worth $2,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Norges Bank bought a new position in shares of Home Depot during the 4th quarter valued at approximately $4,311,070,000. International Assets Investment Management LLC boosted its holdings in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the period. Jennison Associates LLC boosted its holdings in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in Home Depot in the 3rd quarter worth approximately $207,210,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Home Depot by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after buying an additional 421,619 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. The Goldman Sachs Group raised their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. HSBC decreased their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. UBS Group lowered their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

View Our Latest Stock Report on HD

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD traded down $1.79 during trading on Friday, reaching $325.10. 2,692,315 shares of the stock traded hands, compared to its average volume of 3,395,206. The stock has a market cap of $322.37 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The stock has a 50-day moving average of $351.51 and a two-hundred day moving average of $347.35. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period last year, the firm earned $3.82 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.77%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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