The Home Depot, Inc. (NYSE:HD) Holdings Increased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,517 shares of the home improvement retailer’s stock after acquiring an additional 3,307 shares during the quarter. Home Depot comprises about 1.4% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 19th biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Home Depot were worth $5,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. International Assets Investment Management LLC lifted its holdings 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 during the last quarter. Jennison Associates LLC raised its holdings in shares of Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after acquiring an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $207,210,000. Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 421,619 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after purchasing an additional 346,641 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded down $3.21 during midday trading on Wednesday, hitting $331.01. The company’s stock had a trading volume of 823,328 shares, compared to its average volume of 3,311,922. The company has a 50-day moving average price of $363.69 and a two-hundred day moving average price of $341.88. The company has a market cap of $328.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.24 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.30 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Citigroup upped their price objective on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. Guggenheim restated a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Mizuho started coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Finally, Bank of America upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.