Carlton Hofferkamp & Jenks Wealth Management LLC Sells 345 Shares of Home Depot Inc (NYSE:HD)

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in Home Depot Inc (NYSE:HD) by 4.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,159 shares of the home improvement retailer’s stock after selling 345 shares during the period. Home Depot comprises approximately 1.0% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 29th largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Home Depot were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in shares of Home Depot in the second quarter worth approximately $25,000. Enterprise Trust & Investment Co bought a new position in shares of Home Depot in the third quarter worth approximately $27,000. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot in the second quarter worth approximately $31,000. Thor Advisors LLC bought a new position in shares of Home Depot in the first quarter worth approximately $32,000. Finally, MRA Associates USA LLC bought a new position in shares of Home Depot in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 69.92% of the company’s stock.

In other news, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. Insiders own 0.27% of the company’s stock.

A number of equities analysts have weighed in on HD shares. Raymond James reiterated an “outperform” rating and issued a $250.00 price target on shares of Home Depot in a research report on Tuesday. Wedbush reissued a “neutral” rating and issued a $230.00 target price (up previously from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. Guggenheim downgraded shares of Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Wells Fargo & Co boosted their target price on shares of Home Depot from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, SunTrust Banks reissued a “hold” rating and issued a $208.00 target price on shares of Home Depot in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $226.65.

Home Depot stock traded up $3.44 during mid-day trading on Friday, reaching $235.05. 167,395 shares of the company’s stock traded hands, compared to its average volume of 3,719,388. The company has a market cap of $248.24 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.22 and a beta of 1.05. The stock has a 50 day moving average of $227.40 and a two-hundred day moving average of $209.35. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $235.49.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. Home Depot’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.05 earnings per share. As a group, sell-side analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s dividend payout ratio is currently 55.01%.

Home Depot 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.

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

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