Beta Wealth Group Inc. Sells 1,959 Shares of The Home Depot, Inc. (NYSE:HD)

Beta Wealth Group Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,206 shares of the home improvement retailer’s stock after selling 1,959 shares during the period. Home Depot makes up 1.5% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 22nd largest holding. Beta Wealth Group Inc.’s holdings in Home Depot were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after buying an additional 347,614 shares in the last quarter. Norges Bank purchased a new position in Home Depot during the 4th quarter valued at about $4,311,070,000. Northern Trust Corp boosted its stake in Home Depot by 1.3% during the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after acquiring an additional 153,141 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after purchasing an additional 195,670 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Mizuho assumed coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Citigroup cut their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

View Our Latest Analysis on HD

Home Depot Stock Performance

Shares of Home Depot stock traded down $1.79 during trading hours on Friday, reaching $325.10. 2,736,871 shares of the stock traded hands, compared to its average volume of 3,545,034. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a market capitalization of $322.37 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.24 and a beta of 1.01. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a 50 day moving average price of $350.54 and a 200 day moving average price of $348.29.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the firm posted $3.82 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot Company Profile

(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.

See Also

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

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