Viawealth LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Viawealth LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,941 shares of the home improvement retailer’s stock after selling 94 shares during the period. Home Depot makes up approximately 0.9% of Viawealth LLC’s investment portfolio, making the stock its 28th largest holding. Viawealth LLC’s holdings in Home Depot were worth $1,445,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Picton Mahoney Asset Management grew its holdings in shares of Home Depot by 64.3% during the first quarter. Picton Mahoney Asset Management now owns 53,186 shares of the home improvement retailer’s stock valued at $19,492,000 after buying an additional 20,805 shares during the last quarter. Physicians Financial Services Inc. grew its stake in Home Depot by 2.6% during the 1st quarter. Physicians Financial Services Inc. now owns 11,928 shares of the home improvement retailer’s stock valued at $4,371,000 after purchasing an additional 300 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Home Depot by 2.2% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 17,275 shares of the home improvement retailer’s stock valued at $6,331,000 after purchasing an additional 374 shares during the last quarter. Fielder Capital Group LLC grew its stake in Home Depot by 7.0% during the 1st quarter. Fielder Capital Group LLC now owns 1,075 shares of the home improvement retailer’s stock valued at $394,000 after purchasing an additional 70 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. grew its stake in Home Depot by 0.6% during the 1st quarter. Pinnacle West Asset Management Inc. now owns 8,935 shares of the home improvement retailer’s stock valued at $3,275,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho dropped their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. DA Davidson dropped their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird lowered their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $426.77.

Home Depot Trading Up 0.5%

Shares of Home Depot stock opened at $377.26 on Tuesday. The firm has a market capitalization of $375.35 billion, a PE ratio of 25.59, a P/E/G ratio of 3.57 and a beta of 1.00. The firm’s 50-day moving average price is $365.55 and its 200 day moving average price is $373.66. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last released 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 net margin of 8.98% and a return on equity of 242.51%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Home Depot 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.