United Advisor Group LLC Cuts Stock Position in The Home Depot, Inc. (NYSE:HD)

United Advisor Group LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 24.7% during the first quarter, Holdings Channel.com reports. The fund owned 2,320 shares of the home improvement retailer’s stock after selling 761 shares during the period. United Advisor Group LLC’s holdings in Home Depot were worth $850,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Wealth Group Ltd. increased its stake in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Home Depot in the fourth quarter valued at $281,000. Capital & Planning LLC increased its position in Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after purchasing an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock valued at $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.7%

Shares of NYSE:HD opened at $346.41 on Thursday. The business’s 50 day moving average is $362.86 and its 200 day moving average is $381.18. The stock has a market cap of $344.65 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Wedbush reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Mizuho dropped their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Company Profile

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.